(Adds data on producer prices)
Nov 27 (Reuters) - Stock futures pointed to a lower opening for Canada’s main stock index on Friday as oil prices fell on disappointing economic data from China and supply concerns.
December futures on the S&P TSX index were down 0.14 percent at 8:30 a.m. ET.
Canadian producer prices in October fell for the third consecutive month, dropping 0.5 percent from September on lower prices for motorized and recreational vehicles, Statistics Canada said.
Canada’s main stock index rose marginally on Thursday, helped by gains for some heavyweight bank stocks ahead of their earnings next week and rising materials stocks, while energy names slipped in line with a fall in crude oil prices.
Dow Jones Industrial Average e-mini futures were down 0.01 percent at 8:30 a.m. ET, S&P 500 e-mini futures were up 0.07 percent and Nasdaq 100 e-mini futures were up 0.25 percent.
Canada’s two most populous provinces gave better than expected budget updates on Thursday, as Ontario got help from the initial public offering of utility Hydro One Ltd and Quebec clamped down on spending.
Canada will give an extra C$100 million ($75 million) to the United Nations’ refugee agency to help it deal with the Syrian crisis, International Development Minister Marie-Claude Bibeau said on Thursday.
COMMODITIES AT 8:30 a.m. ET
Gold futures : $1,054.9; -1.39 pct
US crude : $42.18; -1.97 pct
Brent crude : $45.36; -0.24 pct
LME 3-month copper : $4,602.50; -0.69 pct
ANALYST RESEARCH HIGHLIGHTS
Jean Coutu Group PJC Inc : Desjardins cuts target price to C$21 from C$23
U.S. ECONOMIC DATA DUE ON FRIDAY
No economic data is scheduled for release.
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$1= C$1.33 Reporting by Ayesha Sruti Ahmed in Bengaluru; Editing by Saumyadeb Chakrabarty
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