March 27, 2020 / 11:39 AM / 2 months ago

CANADA STOCKS-TSX futures drop as coronavirus crisis deepens

March 27 (Reuters) - Canada’s main stock index futures dropped on Friday as concerns over the fast-spreading coronavirus outweighed stimulus measures undertaken by policymakers.

June futures on the S&P/TSX index were down 2.71% at 7:00 a.m. ET.

Canada’s budget deficit data is due at 11:00 a.m. ET

The Toronto Stock Exchange’s S&P/TSX index closed up 1.77% at 13,371.17 on Thursday.

Dow Jones Industrial Average e-mini futures were down 2.3% at 7:00 a.m. ET, while S&P 500 e-mini futures were down 2.28%. Nasdaq 100 e-mini futures shed 2.02%.

ANALYST RESEARCH HIGHLIGHTS

Air Canada: National Bank of Canada cuts target price to C$30 from C$45

Centerra Gold Inc: Canaccord Genuity raises target price to C$13.50 from C$12

Savaria Corp: Scotiabank cuts target price to C$14 from C$16.50

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1,624.8; -1.56%

US crude: $22.63; +0.13%

Brent crude: $26.06; -1.06%

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Personal income mm for Feb: Expected 0.4%; Prior 0.6%

0830 Personal consumption real mm for Feb: Prior 0.1%

0830 Consumption, adjusted mm for Feb: Expected 0.2%; Prior 0.2%

0830 Core PCE price index mm for Feb: Expected 0.2%; Prior 0.1%

0830 Core PCE price index yy for Feb: Expected 1.7%; Prior 1.6%

0830 PCE price index mm for Feb: Prior 0.1%

0830 PCE price index yy for Feb: Prior 1.7%

1000 U Mich Sentiment Final for Mar: Expected 90.0; Prior 95.9

1200 Dallas fed PCE for Feb: Prior 2.2%

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$1.41 Reporting by Priyanka Das in Bengaluru; editing by Uttaresh.V

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