Jan 30 (Reuters) - Canada's resources-heavy main stock
index futures fell on Monday, tracking declines in commodity
prices while markets braced for a slew of interest rate
decisions from major central banks this week.
The S&P/TSX index futures were down 0.5% at 06:52
a.m. ET (11:52 GMT) after the benchmark Canadian index closed
higher on Friday, aided by a rise in technology stocks.
U.S. futures also fell, with the tech-heavy Nasdaq futures
falling more than 1%. Both oil and copper prices fell, as worries about the demand
outlook in top consumer China dominated sentiment. Gold prices were also down. Materials and energy companies have a combined weightage of
about 31% on the main index.
The week is packed with monetary policy decisions from the
U.S. Federal Reserve, European Central Bank (ECB) and the Bank
of England, with all of them expected to hike their overnight
lending rates later.
Markets will be on the lookout for Canadian GDP data due
Tuesday, which will follow a 25 basis point rate hike last week
from the Bank of Canada, which became the first major central
bank to say it would likely hold off on further increases for
now.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Rashmi
Aich)
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