CANADA STOCKS-TSX futures edge higher as gold prices steady

Fri Dec 16, 2016 7:31am EST
 
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Dec 16 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday as gold prices steadied, but held near a 10-1/2-month low, post the U.S. Federal Reserve's rate hike.

March futures on the S&P TSX index were up 0.2 percent at 7:15 a.m. ET.

"The rate hike this week from the Fed and the hawkish outlook for next year leave a fairly negative picture for gold," ING commodity strategist Warren Patterson said.

October data for domestic and foreign securities is due at 8:30 a.m. ET

Canada's main stock index rose on Thursday, helped by broad gains for financial stocks a day after the Federal Reserve hiked interest rates and struck a hawkish note on further increases, a move which weighed on Canadian gold miners.

Dow Jones Industrial Average e-mini futures were up 0.20 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.18 percent and Nasdaq 100 e-mini futures were up 0.15 percent.

(Morning News Call newsletter link.reuters.com/nex49s ; The Day Ahead newsletter link.reuters.com/mex49s)

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