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
Our Standards: The Thomson Reuters Trust Principles.