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CANADA STOCKS-TSX futures edge higher on fresh U.S.-China trade talk hopes

Published 2019-02-01, 07:35 a/m
© Reuters.  CANADA STOCKS-TSX futures edge higher on fresh U.S.-China trade talk hopes
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TECK
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Feb 1 (Reuters) - Futures for Canada's main stock index inched up on Friday, after U.S. President Donald Trump said he would meet China's Xi Jinping in a move to reach a trade deal, overshadowing muted economic data from Europe and Asia.

March futures on the S&P/TSX index SXFc1 were marginally up 0.05 percent at 6:55 a.m. ET.

Markit Manufacturing PMI data is due at 9:30 a.m. ET.

The Toronto Stock Exchange S&P/TSX composite index .GSPTSE closed up 56.05 points, or 0.36 percent, at 15,540.60 on Thursday. Jones Industrial Average e-mini futures 1YMc1 were edged up 0.09 percent at 6:55 a.m. ET, while S&P 500 e-mini futures ESc1 were marginally down 0.08 percent and Nasdaq 100 e-mini futures NQc1 were lower 0.5 percent. .N

TOP STORIES TOP/CAN

Diversified miner Teck Resources Ltd TECKb.TO said on Thursday it expects fourth-quarter profit to be significantly below market estimates, hurt mainly by "disappointing" business at its energy and Trail operation units. RESEARCH HIGHLIGHTS RCH/CA

Advantage Oil & Gas Ltd AAV.TO : CIBC cuts rating to neutral from outperform.

Cenovus Energy Inc CVE.TO : CIBC cuts rating to neutral from outperform.

Eldorado Gold ELD.TO : National Bank of Canada raises price target to C$8 from C$4.75.

COMMODITIES AT 6:55 a.m. ET COM/WRAP

Gold futures GCc2 : $1,323; +0.05 percent GOL/

US crude CLc1 : $53.74; -0.09 percent O/R

Brent crude LCOc1 : $60.89; +0.08 percent O/R

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Non-farm payrolls for Jan: Expected 165,000; Prior 312,000

0830 Private payrolls for Jan: Expected 170,000; Prior 301,000

0830 Manufacturing payrolls for Jan: Expected 17,000; Prior 32,000

0830 Government payrolls for Jan: Prior 11,000

0830 Unemployment rate for Jan: Expected 3.9 pct; Prior 3.9 pct

0830 Average earnings mm for Jan: Expected 0.3 pct; Prior 0.4 pct

0830 Average earnings yy for Jan: Expected 3.2 pct; Prior 3.2 pct

0830 Average workweek hours for Jan: Expected 34.5 hrs; Prior 34.5 hrs

0830 Labor force participation for Jan: Prior 63.1 pct

0945 Markit Manufacturing PMI Final for Jan: Prior 54.9

1000 Construction spending mm for Dec: Expected 0.2 pct; Prior -0.1 pct

1000 ISM Manufacturing PMI for Jan: Expected 54.2; Prior 54.1

1000 ISM Manufacturing Prices Paid for Jan: Expected 54.5; Prior 54.9

1000 ISM Manufacturing Employment Index for Jan: Prior 56.2

1000 ISM Manufacturing New Orders Index for Jan: Prior 51.1

1000 U Mich Sentiment Final for Jan: Expected 90.8; Prior 90.7

1000 Wholesale inventory R mm for Nov: Expected 0.5 pct

1000 Wholesale sales mm for Nov: Expected -0.1 pct; Prior -0.2 pct

1530 Domestic car sales for Jan: Prior 3.99 mln

1530 Total vehicle sales for Jan: Expected 17.20 mln; Prior 17.55 mln

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$1.31)

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