Oct. 14 (Reuters) - Stock futures for Canada's main stock exchange rose on Friday as stronger-than-expected Chinese inflation data eased some concerns about the health of the world's second-biggest economy.
China's producer prices unexpectedly rose in September for the first time in nearly five years thanks to higher commodity prices, welcome news for the government as it struggles to whittle down a growing mountain of corporate debt. futures on the S&P TSX index SXFc1 were up 0.52 percent at 7:15 a.m. ET.
No economic indicators are expected for release. ECONCA
Canada's main stock index rose on Thursday, bucking a global trend lower as energy stocks gained with higher oil prices and heavyweight banking stocks also moved higher. Jones Industrial Average e-mini futures 1YMc1 were up 0.49 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.47 percent and Nasdaq 100 e-mini futures NQc1 were up 0.43 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
India's Reliance Communications RLCM.NS is selling a 51 percent stake in its tower assets to Canada's Brookfield Infrastructure Group for 110 billion rupees ($1.65 billion), in a deal that will help cut the phone carrier's huge debt. RESEARCH HIGHLIGHTS RCH/CA
Advantage Oil & Gas Ltd AAV.TO : Raymond James raises target price to C$12.75 from C$11
Dragonwave Inc DWI.TO : Desjardins cuts target price to C$3
Premium Brands Holdings Corp PBH.TO : TD Securities raises target price to C$77 from C$75
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,251.6; -0.27 pct GOL/
US crude CLc1 : $51.01; +1.13 pct O/R
Brent crude LCOc1 : $52.43; +0.77 pct O/R
LME 3-month copper CMCU3 : $4,702; -0.21 pct MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 PPI final demand yy for Sep: Expected +0.6 pct; Prior 0.0 pct
0830 PPI final demand mm for Sep: Expected +0.2 pct; Prior 0.0 pct
0830 PPI ex food/energy yy for Sep: Expected +1.2 pct; Prior +1.0 pct
0830 PPI ex food/energy mm for Sep: Expected +0.1 pct; Prior +0.1 pct
0830 PPI ex food/energy/transport yy for Sep: Prior +1.2 pct
0830 PPI ex food/energy/transport mm for Sep: Prior +0.3 pct
0830 Retail sales mm for Sep: Expected 0.6 pct; Prior -0.3 pct
0830 Retail sales ex-autos mm for Sep: Expected +0.4 pct; Prior -0.1 pct
0830 Retail ex gas/autos for Sep: Prior -0.1 pct
0830 Retail control for Sep: Expected +0.4 pct; Prior -0.1 pct
1000 Business inventories mm for Aug: Expected +0.2 pct; Prior 0.0 pct
1000 U Mich Sentiment Preliminary for Oct: Expected +91.9; Prior +91.2
1000 U Mich Conditions Preliminary for Oct: Expected +104.7; Prior +104.2
1000 U Mich Expectations Preliminary for Oct: Expected +82.7; Prior +82.7
1000 U Mich 1 year inflation preliminary for Oct: Prior +2.4 pct
1000 U Mich 5-year inflation preliminary for Oct: Prior +2.6 pct
1030 ECRI Weekly Index: Prior +139.2
1030 ECRI weekly annualized: Prior +8.7 pct
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