Dec 16 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday as gold prices steadied, but held near a 10-1/2-month low, post the U.S. Federal Reserve's rate hike.
March futures on the S&P TSX index SXFc1 were up 0.2 percent at 7:15 a.m. ET.
"The rate hike this week from the Fed and the hawkish outlook for next year leave a fairly negative picture for gold," ING commodity strategist Warren Patterson said. data for domestic and foreign securities is due at 8:30 a.m. ET ECONCA
Canada's main stock index rose on Thursday, helped by broad gains for financial stocks a day after the Federal Reserve hiked interest rates and struck a hawkish note on further increases, a move which weighed on Canadian gold miners. Jones Industrial Average e-mini futures 1YMc1 were up 0.20 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.18 percent and Nasdaq 100 e-mini futures NQc1 were up 0.15 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Chemtrade Logistics Income Fund CHE_u.TO said it would buy chemicals and handling company Canexus Corp CUS.TO for C$1.65 in cash per share, as it looks to expand its existing platform and markets. RESEARCH HIGHLIGHTS RCH/CA
CGI Group Inc GIBa.TO : Goldman Sachs (NYSE:GS) cuts to "sell" from "neutral"
Centerra Gold CG.TO : National Bank Financial starts with "sector perform"
Imperial Oil Ltd IMO.TO : Goldman Sachs raises target price to C$50 from C$47
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,134.3; +0.58 pct GOL/
US crude CLc1 : $51.29; +0.77 pct O/R
Brent crude LCOc1 : $54.62; +1.11 pct O/R
LME 3-month copper CMCU3 : $5,667; -1.13 pct MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Building permits: number for Nov: Expected 1.240 mln; Prior 1.260 mln
0830 Build permits: change mm for Nov: Prior 2.9 pct
0830 Housing starts number mm for Nov: Expected 1.230 mln; Prior 1.323 mln
0830 House starts mm: change for Nov: Prior 25.5 pct
1030 ECRI Weekly Index: Prior 143.2
1030 ECRI weekly annualized: Prior 9.7 pct
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= C$1.34)