January 7, 2020 / 1:03 PM / 3 months ago

CANADA STOCKS-TSX futures rise as Middle East worries ebb

Jan 7 (Reuters) - Canada's main stock index futures rose on Tuesday as fears of escalation in U.S.-Iran tensions receded.

March futures on the S&P/TSX index were up 0.18% at 7:00 a.m. ET.

Trade balance data for November is due at 8:30 a.m. ET

The Toronto Stock Exchange's TSX closed up 0.23% to 17,105.47 on Monday.

Dow Jones Industrial Average e-mini futures were up 0.04% at 7:10 a.m. ET, while S&P 500 e-mini futures were up 0.05% and Nasdaq 100 e-mini futures were up 0.27%.

ANALYST RESEARCH HIGHLIGHTS

Finning International Inc: National Bank of Canada cuts price target to C$29 from C$29.50

Hudson's Bay Co: CIBC raises price target to C$11 from C$10.25

North American Construction: National Bank of Canada ups price target to C$24.50 from C$23.50

Precision Drilling Corp: Citigroup raises price target to C$2.20 from C$1.80

Stantec Inc: National Bank of Canada raises price target to C$40 from C$36

COMMODITIES AT 7:10 a.m. ET

Gold futures: $1570.1; rose 0.08%

US crude: $62.84; fell 0.68%

Brent crude: $68.32; fell 0.86%

U.S. ECONOMIC DATA DUE ON TUESDAY

0830 International trade for Nov: Expected -$43.8 bln; Prior -$47.2 bln

0830 Goods trade balance (R) for Nov: Prior -63.19 bln

1000 Durables ex-defense, R mm for Nov: Prior 0.8%

1000 Durable goods, R mm for Nov: Prior -2.0%

1000 Factory orders mm for Nov: Expected -0.8%; Prior 0.3%

1000 Durables ex-transport R mm for Nov: Prior 0.0%

1000 Nondefense cap ex-air R mm for Nov: Prior 0.1%

1000 Factory ex-transport mm for Nov: Prior 0.2%

1000 ISM N-Manufacturing PMI for Dec: Expected 54.5; Prior 53.9

1000 ISM N-Manufacturing Business Activity for Dec: Expected 52.0; Prior 51.6

1000 ISM N-Manufacturing Employment Index for Dec: Prior 55.5

1000 ISM N-Manufacturing New Orders Index for Dec: Prior 57.1

1000 ISM N-Manufacturing Price Paid Index for Dec: Prior 58.5x

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 = 1.29 Canadian dollars)

Reporting by Pooja Kesavan in Bengaluru Editing by Vinay Dwivedi

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