Dec 20 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Thursday as gold prices rose, supported by a slump in global equities and the U.S. dollar after the U.S. Federal Reserve signaled more hikes ahead.
After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the U.S. central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong.
December futures on the S&P/TSX index were up 0.4 percent at 7:00 a.m. ET.
Canadian wholesale trade data is due at 8:30 a.m. ET
The Toronto Stock Exchange's S&P/TSX fell 152.83 points, or 1.06 percent, to 14,264.06 on Wednesday.
Dow Jones Industrial Average e-mini futures were up 0.27 percent at 7:00 a.m. ET, S&P 500 e-mini futures 0.32 percent and Nasdaq 100 e-mini futures 0.54 percent.
Canada's Bombardier Inc will deliver its first Global 7500 corporate jet on Thursday, premiering a full-sized bed and optional en-suite shower, in a challenge to U.S. planemaker Gulfstream at the top of the luxury jet market.
Hong Kong has awarded Bowtie Life Insurance, a company backed by Sun Life Financial's Hong Kong unit, the first online-only insurance licence under the city's "fast-track" scheme.
Sun Life Financial Inc: CIBC cuts price target to C$53 from C$55
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1256.4; +0.3 percent
US crude: $46.49; -3.49 percent
Brent crude: $55.29; -3.41 percent
0830 Initial jobless claims : Expected 216,000; Prior 206,000
0830 Jobless claims 4-week average : Prior 224,750
0830 Continued jobless claims : Expected 1.665 mln; Prior 1.661 mln
0830 Philly Fed Business Index for Dec: Expected 15; Prior 12.9
0830 Philly Fed 6M Index for Dec: Prior 27.2
0830 Philly Fed Capex Index for Dec: Prior 36.1
0830 Philly Fed Employment for Dec: Prior 16.3
0830 Philly Fed Prices Paid for Dec: Prior 39.3
0830 Philly Fed New Orders for Dec: Prior 9.1
1000 Leading index change mm for Nov: Expected 0.0 pct; Prior 0.1 pct
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1 = C$1.35) (Reporting by Nayyar Rasheed in Bengaluru)