Canada Stocks: Futures up on U.S.-china trade deal optimism

Source Energy Services

02/11/2018 11:45

Nov 2 (Reuters) - Stock futures for Canada's main index
edged higher on Friday, tracking upward movement in global
shares, as U.S. President Donald Trump fueled hopes of a renewed
dialogue between Washington and China for resolving their
bilateral trade issues.
    Trump and his Chinese counterpart Xi Jinping expressed
optimism about resolving their trade dispute ahead of a G20
summit at the end of November in Argentina. urn:newsml:reuters.com:*:nL3N1XD369
    December futures on the S&P/TSX index  SXFc1  were up 0.53
percent at 6:57 a.m. ET.
    Employment data is due at 8:30 a.m. ET and trade balance
data is due at 9:30 a.m. ET.
    The Toronto Stock Exchange's S&P/TSX  .GSPTSE  closed up
122.87 points, or 0.82 percent, to 15,150.15 on Thursday.
 urn:newsml:reuters.com:*:nL8N1XC85U
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.97 percent at 6:58 a.m. ET, while S&P 500 e-mini futures
 ESc1  were up 0.74 percent and Nasdaq 100 e-mini futures  NQc1 
were up 0.12 percent.  .N 
    
     
    TOP STORIES  TOP/CAN 
    Enbridge Inc  ENB.TO  reported a third-quarter loss on
Friday as it recorded several charges.  urn:newsml:reuters.com:*:nL3N1XD3R8
    Canadian Prime Minister Justin Trudeau faces a dilemma as an
election approaches - how to credibly clamp down on Saudi Arabia
over its human rights record while sparing a $13 billion weapons
deal with Riyadh.  urn:newsml:reuters.com:*:nL2N1XC252
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Air Canada  AC.TO : JP Morgan raises price target to C$34
from C$30
    Saputo Inc  SAP.TO : CIBC cuts to neutral from outperform
    Source Energy Services Ltd  SHLE.TO : CIBC cuts to
underperformer from neutral
    COMMODITIES AT 6:55 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1237.9; fell 0.06 percent  GOL/ 
    US crude  CLc1 : $63.7; rose 0.02 percent  O/R 
    Brent crude  LCOc1 : $73.19; rose 0.41 percent  O/R 
    
    U.S. ECONOMIC DATA DUE ON FRIDAY
    0830 Non-farm payrolls for Oct: Expected 190,000; Prior
134,000
    0830 Private payrolls for Oct: Expected 183,000; Prior
121,000
    0830 Manufacturing payrolls for Oct: Expected 15,000; Prior
18,000
    0830 Government payrolls for Oct: Prior 13,000
    0830 Unemployment rate for Oct: Expected 3.7 pct; Prior 3.7
pct
    0830 Average earnings mm for Oct: Expected 0.2 pct; Prior
0.3 pct
    0830 Average earnings yy for Oct: Expected 3.1 pct; Prior
2.8 pct
    0830 Average workweek hours for Oct: Expected 34.5 hrs;
Prior 34.5 hrs
    0830 Labor force participation for Oct: Prior 62.7 pct
    0830 U6 underemployment for Oct: Prior 7.5 pct
    0830 International trade for Sep: Expected -$$53.6 bln;
Prior -$$53.2 bln
    0830 Goods trade balance (R) for Sep: Prior -$76.04 bln
    0945 ISM-New York Index for Oct: Prior 822.0
    0945 ISM New York Business Conditions for Oct: Prior 72.5
    1000 Durables ex-defense, R mm for Sep: Prior -0.6 pct
    1000 Durable goods, R mm for Sep: Prior 0.8 pct
    1000 Factory orders mm for Sep: Expected 0.5 pct; Prior 2.3
pct
    1000 Durables ex-transport R mm for Sep: Prior 0.1 pct
    1000 Nondefense cap ex-air R mm for Sep: Prior -0.1 pct
    1000 Factory ex-transport mm for Sep: Prior 0.1 pct
    
    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)

 (Reporting by Siddharth Athreya V in Bengaluru; Editing by
James Emmanuel)