Jan 4 (Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Friday, as oil prices rose on the upcoming Sino-U.S. trade talks and a survey that showed an expansion in China’s services sector in December.
March futures on the S&P/TSX index were up 0.96 percent at 7:00 a.m. ET.
Oil rose to around $57 a barrel, also supported by a Reuters survey that showed that the Organization of the Petroleum Exporting Countries cut crude output in December.
Statistics Canada’s jobs data, unemployment rate and producer price numbers are due at 8:30 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index closed 134.41 points, or 0.94 percent, down at 14,212.75 on Thursday.
Dow Jones Industrial Average e-mini futures were up 1.3 percent at 7:00 a.m. ET, while S&P 500 e-mini futures were up 1.4 percent. Nasdaq 100 e-mini futures were up 1.7 percent.
Canada said on Thursday that 13 of its citizens have been detained in China since Huawei Technologies Chief Financial Officer Meng Wanzhou was arrested last month in Vancouver at the request of the United States.
An entity controlled by Hudson’s Bay Chairman Richard Baker will buy the stake owned by a unit of Ontario Teachers’ Pension Plan Board in the Canadian retailer, according to L&T B Cayman Inc, a top shareholder in Hudson’s Bay and a joint buyer.
The Idaho Public Utilities Commission has rejected Canadian electric utility Hydro One’s proposed C$6.7 billion acquisition of Avista Corp, the companies said on Thursday.
Altagas Canada Inc: TD Securities cuts to “hold” from “buy”
Stingray Group Inc: Desjardins cuts target price to C$9 from C$11
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,293.1; 0.13 pct
US crude: $48.15; +2.25 pct
Brent crude: $57.3; +2.41 pct
0830 Non-farm payrolls for Dec: Expected 177,000; Prior 155,000
0830 Private payrolls for Dec: Expected 175,000; Prior 161,000
0830 Manufacturing payrolls for Dec: Expected 20,000; Prior 27,000
0830 Government payrolls for Dec: Prior -6,000
0830 Unemployment rate for Dec: Expected 3.7 pct; Prior 3.7 pct
0830 Average earnings mm for Dec: Expected 0.3 pct; Prior 0.2 pct
0830 Average earnings yy for Dec: Expected 3.0 pct; Prior 3.1 pct
0830 Average workweek hours for Dec: Expected 34.5 hrs; Prior 34.4 hrs
0830 Labor force participation for Dec: Prior 62.9 pct
0830 U6 underemployment for Dec: Prior 7.6 pct
0945 Markit Composite Final PMI for Dec: Prior 53.6
0945 Markit Services PMI Final for Dec: Prior 53.4
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1= C$1.34) (Reporting by Debanjan Bose; Editing by Sriraj Kalluvila)
