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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

TSX set for lower open due to global tensions

Reuters
A Toronto Stock Exchange (TSX) logo is seen in Toronto November 9, 2007. REUTERS/Mark Blinch

(Reuters) - Tracking global markets, stock futures pointed to a lower opening for Canada's main stock index on Thursday after Saudi Arabia and its allies launched air strikes on Yemen.

June futures on the S&P TSX index were down 0.09 percent at 7:15 a.m. ET.

Warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels fighting to oust Yemen's president on Thursday, a gamble by the world's top oil exporter to check Iranian influence in its backyard without direct military backing from Washington.No major economic events are scheduled .

Canada's main stock index fell 1 percent on Wednesday, weighed down by heavyweight banks and insurers, while a bounce in oil prices helped some of the country's biggest oil and gas producers.

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Dow Jones Industrial Average e-mini futures were down 0.7 percent at 7:15 a.m. ET, S&P 500 e-mini futures were down 0.69 percent and Nasdaq 100 e-mini futures were down 1.05 percent. [.N]

TOP STORIES [TOP/CAN]

Canadian yogawear retailer Lululemon Athletica Inc (NasdaqGS:LULU - News) forecast a weaker-than-expected profit in the first quarter, months after it said margins would dip in 2015 as it continues to invest in improving quality and solving supply-chain problems.

A senior executive at BCE Inc's (Toronto:BCE.TO - News) Bell Media unit apologized on Wednesday for interfering in editorial coverage after Canada biggest communications company was harshly rebuked by the country's broadcast regulator.

Three Canadian National Railway Co (Toronto:CNR.TO - News) derailments in the same area in three weeks are a significant problem and cannot be explained away as a fluke of nature, Canadian Transport Minister Lisa Raitt said in an interview on Wednesday.

(Reporting by Nandi Kaul in Bengaluru; Editing by Simon Jennings)