July 27 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Friday as trade tensions between the United States and the European Union subsided.
Europe expressed relief on Thursday after Donald Trump and the European Commission chief agreed to tackle their trade row, although German business called on the U.S. president to scrap import tariffs definitively and rebuild transatlantic trust. futures on the S&P/TSX index SXFc1 were up 0.08 percent at 7:15 a.m. ET.
Budget balance data for April is due at 11:00 a.m. ET
Canada's main stock index closed higher on Thursday. Jones Industrial Average e-mini futures 1YMc1 were up 0.11 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.05 percent and Nasdaq 100 e-mini futures NQc1 were up 0.2 percent. .N
TOP STORIES TOP/CAN
Air Canada AC.TO reported a higher-than-expected quarterly profit on Friday, as the carrier benefited from robust travel demand and higher fares. Reuters Corp's TRI.TO Financial and Risk unit, in which U.S. private equity firm Blackstone (NYSE:BX) Group BX.N is buying a majority stake, will be renamed Refinitiv once the deal closes, the company said in a statement on Friday. investor John Paulson's hedge fund on Thursday nominated eight members to Detour Gold Corp 's DGC.TO board and reiterated its call for a special shareholder meeting, ratcheting up pressure on the gold miner. RESEARCH HIGHLIGHTS RCH/CA
Cameco Corp CCO.TO : RBC raises target price to C$16 from C$15
Husky Energy Inc HSE.TO : Barclays (LON:BARC) raises price target to C$26 from C$24
Mullen Group Ltd MTL.TO : RBC raises target price to C$18 from C$16
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1296.3; -0.58 pct GOL/
U.S. crude CLc1 : $71.73; -0.65 pct O/R
Brent crude LCOc1 : $78.87; -0.88 pct O/R
LME 3-month copper CMCU3 : $6822.5; -2.24 pct MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 GDP advance for Q2: Expected 4.1 pct; Prior 2.0 pct
0830 GDP sales advance for Q2: Expected 3.7 pct; Prior 2.0 pct
0830 GDP Cons spending advance for Q2: Prior 0.9 pct
0830 GDP deflator advance for Q2: Expected 2.3 pct; Prior 2.2 pct
0830 Core PCE prices advance for Q2: Expected 2.2 pct; Prior 2.3 pct
0830 PCE prices advance for Q2: Expected 2.0 pct; Prior 2.5 pct
1000 U Mich sentiment final for Jul: Expected 97.1; Prior 97.1
1000 U Mich conditions final for Jul: Expected 114; Prior 113.9
1000 U Mich expectations final for Jul: Expected 86.5; Prior 86.4
1000 U Mich 1 year inflation final for Jul: Prior 2.9 pct
1000 U Mich 5-year inflation final for Jul: Prior 2.4 pct
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