September 27, 2019 / 11:20 AM / 18 days ago

CANADA STOCKS-Futures tick higher on trade hopes

Sept 27 (Reuters) - Futures for Canada's main stock index edged up on Friday, as U.S.-China trade optimism boosted investor sentiment.

China's top diplomat said on Thursday that China was willing to buy more U.S. products, and trade talks would yield results if both sides "take more enthusiastic measures" to show goodwill and reduce "pessimistic language" in their trade dispute.

December futures on the S&P/TSX index were up 0.07% at 7:00 a.m. ET.

Data on budget balance for July is due at 11:00 a.m. ET.

The Toronto Stock Exchange S&P/TSX composite index rose 0.04% to 16,790.40 on Thursday.

Dow Jones Industrial Average e-mini futures were up 0.25% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.32% and Nasdaq 100 e-mini futures were up 0.3%.

ANALYST RESEARCH HIGHLIGHTS

Labrador Iron Ore Royalty Corp: CIBC initiates coverage with outperformer rating and price target of C$35

BRP Inc: Citigroup raises price target to C$59 from C$54

Brookfield Renewable Partners LP: Scotiabank raises price target to C$40 from C$36; rating sector perform

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1,495.3; -1.08%

US crude: $55.78; -1.12%

Brent crude: $61.81; -1.48%

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Personal income mm for Aug: Expected 0.4%; Prior 0.1%

0830 Personal consumption real mm for Aug: Prior 0.4%

0830 Consumption, adjusted mm for Aug: Expected 0.3%; Prior 0.6%

0830 Core PCE price index mm for Aug: Expected 0.2%; Prior 0.2%

0830 Core PCE price index yy for Aug: Expected 1.8%; Prior 1.6%

0830 PCE price index mm for Aug: Prior 0.2%

0830 PCE price index yy for Aug: Prior 1.4%

0830 Durable goods for Aug: Expected -1.0%; Prior 2.0%

0830 Durable goods excluding transport for Aug: Expected 0.2%; Prior -0.4%

0830 Durable goods excluding defense mm for Aug: Prior 1.3%

0830 Nondefense capital goods excluding aircraft for Aug: Expected 0.0%; Prior 0.2%

1000 U Mich Sentiment Final for Sep: Expected 92.0; Prior 92.0

1000 U Mich Conditions Final for Sep: Prior 106.9

1000 U Mich Expectations Final for Sep: Prior 82.4

1000 U Mich 1 year inflation final for Sep: Prior 2.8%

1000 U Mich 5-year inflation final for Sep: Prior 2.3%

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.32) (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Maju Samuel)

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