Oct 7 (Reuters) - Futures for Canada's main stock index rose on Wednesday, helped by firmer bullion prices as worries about a halt in U.S. fiscal stimulus talks faded and bolstered the yellow metal's appeal as a hedge against inflation.
Spot gold XAU= rose 1% to $1,895.46 per ounce, bouncing back from a near 2% drop in previous session.
December futures on the S&P/TSX index SXFc1 were up 0.81% at 7:00 a.m. ET.
Canada's Ivey Purchasing Managers' Index data for September is due at 10:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 1.06% lower at 16,236.13 on Tuesday.
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.68% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.63% and Nasdaq 100 e-mini futures NQc1 were up 0.53%.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Autocanada Inc ACQ.TO : Canaccord Genuity raises target price to C$22 from C$18
TFI International Inc TFII.TO : National Bank of Canada raises PT to C$68 from C$66
Valens Company Inc VLNS.TO : ATB Capital Markets cuts PT to C$5.30 from C$6.50
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2 : $1885.3; -1.02% GOL/
US crude CLc1 : $39.57; -2.7% O/R
Brent crude LCOc1 : $41.68; -2.27% O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1300 Overall Comprehensive Risk for Q4: Prior 8.46
1500 Consumer credit for Aug: Expected 14.00 bln; Prior 12.25 bln
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Canadian markets directory CANADA ($1= C$1.33)