CANADA STOCKS-TSX futures tick lower as investors eye Middle East tensions, Trump-Xi talks

May 13 (Reuters) - Futures for Canada's main stock index inched lower on Wednesday as gold and oil prices dipped, with investors watching developments around the Middle East conflict and U.S. President Donald Trump's visit to China.

June futures on the S&P/TSX index SXFcv1 were down 0.04% at 7:04 a.m. ET.

• Trump said he would urge China's Xi Jinping to "open up" to U.S. business on his way to a summit in Beijing.

• Oil prices LCOc1, CLc1 dipped, snapping a three-day rally as investors were uncertain about developments in the war. The stalling of U.S.-Iran peace talks this week has dimmed reopening prospects for the Strait of Hormuz, through which about a fifth of global oil and liquefied natural gas normally flows.O/R

• Gold prices extended losses as a stronger-than-expected U.S. consumer prices data supported expectations of a tighter monetary policy by the Federal Reserve. Producer prices and retail sales data are due later today.

• The Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE jumped to a three-week high on Tuesday as a jump in oil prices driven by an impasse in U.S.-Iran peace talks lifted energy shares.

• Equinox Gold EQX.TO said it would acquire Orla Mining OLA.TO in a deal that would create a North American-focused gold producer with an implied market value of about $18.5 billion.

• Collision repair operator Boyd Group's BYD.TO first-quarter sales rose 28% but slightly missed analyst expectations.

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