May 17 (Reuters) - Futures pointed to a lower opening for Canada's main stock index on Friday, tracking global markets which were impacted by tough words on trade from China.
China said that the United States must show sincerity if it is to hold meaningful trade talks, after U.S. President Donald Trump dramatically raised the stakes with a potentially devastating blow to Chinese tech giant Huawei. futures on the S&P/TSX index SXFc1 were down 0.26% at 7:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 125.72 points, or 0.77%, to 16,443.86 on Thursday. Jones Industrial Average e-mini futures 1YMc1 were down 0.42% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.44% and Nasdaq 100 e-mini futures NQc1 were down 0.57%. .N
TOP STORIES TOP/CAN
Canada's Iamgold Corp IMG.TO is exploring a possible sale of all or parts of the gold miner business, Bloomberg reported on Thursday, citing people familiar with the matter. Conservative Party leader Andrew Scheer on Thursday said if he is elected in the October national election he will rein in spending, build oil pipelines and put the country on a path to energy independence by 2030. premier of Canada's main crude-producing province Alberta on Thursday welcomed a Senate committee vote recommending the federal government does not proceed with a bill enacting an oil tanker moratorium along British Columbia's northern coast. RESEARCH HIGHLIGHTS RCH/CA
Altagas Canada Inc ACI.TO : CIBC raises target price to C$23 from C$20
First Quantum Minerals Ltd FM.TO : Jefferies cuts target price to C$15.5 from C$19
Just Energy Group Inc JE.TO : RBC cuts price target to C$5 from C$5.50
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1,285.8; -0.03% GOL/
US crude CLc1 : $63.54; +1.07% O/R
Brent crude LCOc1 : $73.07; +0.62 pct O/R
U.S. ECONOMIC DATA DUE ON FRIDAY
1000 (approx.) Leading index change mm for April: Expected 0.2%; Prior 0.4%
1000 U Mich Sentiment Preliminary for May: Expected 97.5; Prior 97.2
1000 U Mich Conditions Preliminary for May: Expected 112.2; Prior 112.3
1000 U Mich Expectations Preliminary for May: Expected 86.8; Prior 87.4
1000 (approx.) U Mich 1 year inflation preliminary for May: Prior 2.5%
1000 (approx.) U Mich 5-year inflation preliminary for May: Prior 2.3%
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($1= C$1.35)