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CANADA STOCKS-Futures flat as investors pin hopes on U.S.-China trade deal

Published 2019-05-10, 07:40 a/m
© Reuters.  CANADA STOCKS-Futures flat as investors pin hopes on U.S.-China trade deal
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May 10 (Reuters) - Futures for Canada's main stock index were little changed on Friday, as investors pinned their hopes on a trade deal between the United States and China, even as another round of U.S. tariffs on Chinese goods took effect.

Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin talked for 90 minutes on Thursday and were expected to resume efforts on Friday to rescue a deal that could end a 10-month long trade war between the world's two largest economies. futures on the S&P/TSX index SXFc1 were down 0.01% at 7:00 a.m. ET.

Canada's building permits data for March and employment change numbers for April are due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 75.65 points, or 0.46%, to 16,321.75 on Thursday. Jones Industrial Average e-mini futures 1YMc1 were down 0.14% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.24% and Nasdaq 100 e-mini futures NQc1 edged down 0.15%. .N

TOP STORIES TOP/CAN

Enbridge Inc ENB.TO , Canada's largest pipeline operator, beat analysts' estimates for quarterly profit, as it benefited from transporting more oil and gas across its pipelines. Ltd NTR.TO , the world's largest crop nutrient provider, missed profit estimates for the second straight quarter on Thursday, as flooding across the United States and drought in Australia disrupted the agriculture supply chain. Group X.TO , Canada's biggest stock exchange operator, reported a quarterly profit that topped expectations on Thursday, helped by strength at its derivatives trading and global solutions business. RESEARCH HIGHLIGHTS RCH/CA

Canadian Tire Corporation Ltd CTCa.TO : Desjardins raises price target to C$185 from C$180

Pinnacle Renewable Energy Inc PL.TO : RBC cuts price target to C$15 from C$16

Optiva Inc OPT.TO : CIBC cuts price target to C$50 from C$55

COMMODITIES AT 7:00 a.m. ET COM/WRAP

Gold futures GCc2 : $1,286.3; +0.09% GOL/

US crude CLc1 : $62.15; +0.73% O/R

Brent crude LCOc1 : $70.94; +0.78% O/R

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Core CPI mm, SA for April: Expected 0.2%; Prior 0.1%

0830 Core CPI yy, NSA for April: Expected 2.1%; Prior 2%

0830 CPI Index, NSA for April: Expected 255.817; Prior 254.202

0830 Core CPI Index, SA for April: Prior 261.37

0830 CPI mm, SA for April: Expected 0.4%; Prior 0.4%

0830 CPI yy, NSA for April: Expected 2.1%; Prior 1.9%

0830 Real weekly earnings mm for April: Expected 0.2%; Prior 0.0%

0830 CPI mm NSA for April: Prior 0.560%

0830 CPI Index SA for April: Prior 254.150

1100 Cleveland fed CPI for April: Prior 0.3%

1400 Federal budget for April: Expected $165.00 bln; Prior -$147.00 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$1.35)

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