Canada Stocks: TSX futures gain on rising hopes of a trade deal

Calian

27/11/2019 12:30

Nov 27 (Reuters) - Canada's main stock index futures rose on
Wednesday, as upbeat comments from President Donald Trump lifted
hopes that the United States and China were close to a trade
deal. 
    Trump said Washington was in the "final throes" of work on a
deal that would defuse a 16-month trade dispute with Beijing.
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    December futures on the S&P/TSX index  SXFc1  were up 0.15%
at 7:00 a.m. ET.
    The Toronto Stock Exchange's S&P/TSX composite index rose
0.02% to 17,035.88 on Tuesday.  urn:newsml:reuters.com:*:nL5N28601I
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.01% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1  were
up 0.11% and Nasdaq 100 e-mini futures  NQc1  were up 0.22%.
 .N 
    
     
    TOP STORIES  TOP/CAN 
    The Bank of Canada is now expected to hold rates through to
the end of next year, according to a slim majority of economists
in a Reuters poll, with forecasts on whether or not the central
bank holds or cuts sitting on a knife's edge through 2020.
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    Canada's longest railroad strike in a decade ended on
Tuesday as Canadian National Railway Co  CNR.TO  reached a
tentative agreement with workers, but shippers warned it could
take weeks before service bounces back to normal.  urn:newsml:reuters.com:*:nL1N2860EO
    Alimentation Couche-Tard Inc  ATDb.TO  missed quarterly
revenue estimates on Tuesday, as the Canadian convenience store
operator's fuel business was hit by lower selling prices.
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    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Bank of Nova Scotia  BNS.TO : RBC cuts price target to C$78
from C$80
    Calian Group Ltd  CGY.TO : Canaccord Genuity raises price
target to C$45 from C$40
    Lundin Mining Corp  LUN.TO : National Bank of Canada raises
price target to C$8.75 from C$8.50
    
    COMMODITIES AT 7:00 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1462.6; fell 0.12 %  GOL/ 
    US crude  CLc1 : $58.59; rose 0.31 %  O/R 
    Brent crude  LCOc1 : $64.51; rose 0.37 %  O/R 
    
        
    U.S. ECONOMIC DATA DUE ON TUESDAY
    0830 Corporate profits preliminary for Q3: Prior 3.7%
    0830 Durable goods for Oct: Expected -0.8%; Prior -1.2%
    0830 Durables ex-transport for Oct: Expected 0.1%; Prior
-0.4%
    0830 Durables ex-defense mm for Oct: Prior -1.3%
    0830 Nondefense cap ex-air for Oct: Expected -0.3%; Prior
-0.6%
    0830 GDP 2nd estimate for Q3: Expected 1.9%; Prior 1.9%
    0830 GDP sales preliminary for Q3: Expected 2.0%; Prior 2.0%
    0830 GDP consumer spending preliminary for Q3: Prior 2.9%
    0830 GDP deflator preliminary for Q3: Expected 1.7%; Prior
1.6%
    0830 Core PCE prices preliminary for Q3: Expected 2.2%;
Prior 2.2%
    0830 PCE prices preliminary for Q3: Expected 1.5%; Prior
1.5%
    0830 Initial jobless claims : Expected 221,000; Prior
227,000
    0830 Jobless claims 4-week average : Prior 221,000
    0830 Continued jobless claims : Expected 1.690 mln; Prior
1.695 mln
    1000 Personal income mm for Oct: Expected 0.3%; Prior 0.3%
    1000 Personal consumption real mm for Oct: Prior 0.2%
    1000 Consumption, adjusted mm for Oct: Expected 0.3%; Prior
0.2%
    1000 Core PCE price index mm for Oct: Expected 0.1%; Prior
0.0%
    1000 Core PCE price index yy for Oct: Expected 1.7%; Prior
1.7%
    1000 PCE price index mm for Oct: Prior 0.0%
    1000 PCE price index yy for Oct: Prior 1.3%
    1000 Pending Homes Index for Oct: Prior 108.7
    1000 Pending sales change mm for Oct: Expected 0.8%; Prior
1.5%
    1200 (approx.) Dallas fed PCE for Oct: Prior 1.6%
    
    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$1.33)
 
    

 (Reporting by Swathi Nair in Bengaluru; Editing by Sriraj
Kalluvila)
 ((s.nair@thomsonreuters.com))