TSX futures edge down ahead of Fed minutes
Oct 9 (Reuters) -Futures for Canada's main stock index inched lower on Wednesday as cautious investors awaited minutes of the U.S. Federal Reserve's last meeting, while weak metal prices weighed on the market.
December futures on the S&P/TSX index SXFcv1 were down 0.1% at 6:03 a.m. ET (10:03 GMT).
Minutesfrom the Fed'sSeptember meeting are due later in the day, andinvestors are expected to look for insights into the interest-rate path.
Focus is also on U.S.consumer price index data, expected on Thursday, to infer central bank's policy outlook.
Odds for a 25-basis-point-cut at the U.S. Fed's November policy meeting stand at 88%. 0#FEDWATCH
Domestic investors also await Canada's unemployment data, due on Friday, as it could provide cluesabout the Bank of Canada's interest rate pathat its policy meeting later in the month.
The materials sector could track gold prices, which dipped against a stronger dollar, and copper prices that fell over China's failure to detail newstimulus measures to boostthe top metals consumer's economy. GOL/ MET/L
Canada's energy sector could rebound, tracking higher oil pricesas markets remained wary of escalating tensions in the Middle East that could disrupt supply from the region. O/R
Markets also await quarterly earnings from the major U.S. banks on Friday.
In corporate news, Japan's Seven & I Holdings 3382.T received a revised takeover bid ofaround $47 billion from Canada's Alimentation Couche-Tard ATD.TO, compared with$38.5 billion earlier.
COMMODITIES
Gold XAU=: $2,618.1; -0.15% GOL/
US crude CLc1: $74.26; +0.9% O/R
Brent crude LCOc1: $77.85; +0.9% O/R
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA
($1 = 1.3665 Canadian dollars)
Reporting by Nikhil Sharma in Bengaluru; Editing by Leroy Leo
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