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CANADA STOCKS-Futures down on uncertainty over Sino-U.S. trade talks

Published 2018-11-16, 07:39 a/m
© Reuters.  CANADA STOCKS-Futures down on uncertainty over Sino-U.S. trade talks
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Nov 16 (Reuters) - Futures for Canada's main stock index edged down on Friday on an uncertainty over the upcoming trade talks between China and the United States.

U.S. Trade Representative Robert Lighthizer on Thursday denied a report that he had told some industry executives that another round of tariffs on Chinese imports had been put on hold as the two nations pursue talks. futures on the S&P/TSX index SXFc1 were up 0.34 percent at 6:58 a.m. ET.

Manufacturing sales for Sep data is due at 8:30 a.m. ET.

The Toronto Stock Exchange S&P/TSX composite index .GSPTSE : closed up 11.76 points, or 0.08 percent, at 15,144.88, on Thursday. Jones Industrial Average e-mini futures 1YMc1 were down 0.45 percent at 6:59 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.55 percent and Nasdaq 100 e-mini futures NQc1 were down 1.19 percent. .N

TOP STORIES TOP/CAN

BlackBerry Ltd BB.TO said on Friday it will acquire Cylance, an artificial intelligence and cybersecurity company, for $1.4 billion in cash to help expand its QNX unit that makes software for next-generation autonomous cars. Canadian province of Quebec's securities watchdog said on Thursday it asked Bombardier Inc BBDb.TO to halt stock trades under a plan set up to facilitate share sales by certain senior executives at the company. automakers and parts suppliers on Thursday warned that President Donald Trump's steel and aluminum tariffs and threatened car tariffs would undermine the benefits of the new deal to modernise the North American Free Trade Agreement, causing widespread job losses. RESEARCH HIGHLIGHTS RCH/CA

Bank of Montreal BMO.TO : Barclays (LON:BARC) cuts target price to C$105 from C$110

Canadian Imperial Bank of Commerce CM.TO : Barclays cuts target price to C$130 from C$137

National Bank of Canada NA.TO : Barclays cuts target price to C$65 from C$69

Pembina Pipeline Corp PPL.TO : Credit Suisse (SIX:CSGN) raises rating to outperform from neutral

COMMODITIES AT 6:59 a.m. ET COM/WRAP

Gold futures GCc2 : $1,216.3; rose 0.11 percent GOL/

US crude CLc1 : $57.39; rose 1.65 percent O/R

Brent crude LCOc1 : $67.8; rose 1.77 percent O/R

U.S. ECONOMIC DATA DUE ON FRIDAY

0915 Industrial production mm for Oct: Expected 0.2 pct; Prior 0.3 pct.

0915 Capacity utilisation SA for Oct: Expected 78.2 pct; Prior 78.1 pct.

0915 Manufacturing output mm for Oct: Expected 0.2 pct; Prior 0.2 pct.

0915 Industrial production yoy for Oct: Prior 5.14 pct.

1100 KC Fed Manufacturing for Nov: Prior 5.

1100 KC Fed Composite Index for Nov: Prior 8.

1600 Net L-T flows, exswaps for Sep: Prior $131.8 bln.

1600 Foreign buying, T-bonds for Sep: Prior $63.1 bln.

1600 Overall net capital flows for Sep: Prior $108.2 bln.

1600 Net L-T flows, inclusion swaps for Sep: Prior $111.5 bln.

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$1.32)

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