Aug 29 (Reuters) - Stock futures pointed to a lower opening for Canada’s main equity index on Thursday, as concerns about uncertainty over an escalating trade war between China and the United States eclipsed optimism around the U.S.-Mexico trade deal.
Talks between Canada and the United States are intensifying as the two countries push to hammer out a deal on a revamped North American Free Trade Agreement by a Friday deadline, with both sides upbeat about progress made so far.
September futures on the S&P/TSX index were down 0.29 percent at 7:20 a.m. ET.
GDP data is due at 08:30 a.m. ET
The Toronto Stock Exchange’s S&P/TSX closed higher on Wednesday.
Dow Jones Industrial Average e-mini futures were down 0.29 percent at 7:20 a.m. ET, while S&P 500 e-mini futures were down 0.19 percent and Nasdaq 100 e-mini futures were down 0.21 percent.
Toronto-Dominion Bank reported third-quarter results which topped market expectations, helped by a sharp rise in earnings from the United States.
Canadian gold and silver mining company Tahoe Resources Inc said on Wednesday that it believed there was an attempt to illegally extract gold at its La Arena mine in Peru.
ANALYST RESEARCH HIGHLIGHTS
Journey Energy Inc: Eight Capital raises rating to buy from neutral and price target to C$3.15 from C$2.25
National Bank of Canada: Barclays raises target price to C$69 from C$67
Thomson Reuters Corp: Berenberg cuts target price to C$44 from C$45
COMMODITIES AT 7:20 a.m. ET
Gold futures: $1210; fell 0.12 percent
US crude: $69.88; rose 0.53 percent
Brent crude: $77.62; rose 0.62 percent
LME 3-month copper: $6064; fell 0.36 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Personal consumption real mm for Jul: Prior 0.3 pct
0830 Personal income mm for Jul: Expected 0.3 pct; Prior 0.4 pct
0830 Consumption, adjusted mm for Jul: Expected 0.4 pct; Prior 0.4 pct
0830 Core PCE price index mm for Jul: Expected 0.2 pct; Prior 0.1 pct
0830 Core PCE price index yy for Jul: Expected 2.0 pct; Prior 1.9 pct
0830 PCE price index mm for Jul: Prior 0.1 pct
0830 PCE price index yy for Jul: Prior 2.2 pct
0830 Initial jobless claims for Aug: Expected 214,000; Prior 210,000
0830 Jobless claims 4-week average for Aug: Prior 213,750
0830 Continued jobless claims for Aug: Expected 1.725 mln; Prior 1.727 mln
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$1.29) (Reporting by Sourav Bose in Bengaluru; Editing by Shounak Dasgupta)
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