Oct 16 (Reuters) - Futures for Canada's main stock index edged up on Friday as optimism over progress in a possible COVID-19 vaccine offset concerns over rising global infections and signs of a stalling economic recovery.
December futures on the S&P/TSX index SXFc1 were up 0.1% at 7:00 a.m. ET.
Futures rose after American drugmaker Pfizer Inc PFE.N said it could apply for U.S. emergency use of its COVID-19 vaccine candidate as soon as a safety milestone is achieved in the third week of November.
Locally, investors were awaiting data showing a likely decline in Canadian manufacturing sales in August, due at 8:30 a.m. ET (1230 GMT).
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.3% higher at 16501.03 on Thursday. Still, the index was set to lose for the week on softer commodity prices.TO
Dow e-minis 1YMcv1 were up 40 points, or 0.14% at 16:36 a.m. ET, while S&P 500 e-minis EScv1 were up 2.75 points, or 0.08% and Nasdaq 100 e-minis NQcv1 were up 4 points, or 0.03%. .N
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ANALYST RESEARCH HIGHLIGHTS RCH/CA
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COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2: $1907.8; rose 0.15 percent GOL/
US crude CLc1: $40.49; fell 1.15 percent O/R
Brent crude LCOc1: $42.65; fell 1.18 percent O/R
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Retail sales mm for Sept: Expected 0.7%, Prior 0.6%
0915 Industrial production mm for Sept: Expected 0.5%, Prior 0.4%
1000 Business inventories mm for Aug: Expected 0.4%, Prior 0.1%
1000 University of Michigan Sentiment Prelim for Oct: Expected 80.5, prior 80.4
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/CA/
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA
($1 = 1.3208 Canadian dollars)
(Reporting by Ambar Warrick in Bengaluru; Editing by Vinay Dwivedi)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.