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CANADA STOCKS-TSX futures inch up as vaccine hopes boost sentiment

Credit: REUTERS/CHRIS HELGREN

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.

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

Constellation Software Inc CSU.TO: CIBC raises target price to C$1,865 from C$1,750

Paramount Resources Ltd POU.TO: National Bank of Canada raises to sector perform

Storm Resources SRX.TO: National Bank of Canada cuts to sector perform from outperform

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)

((Ambar.Warrick@thomsonreuters.com; +91-80-6182-2837; Reuters Messaging: ambar.warrick.thomsonreuters.com@reuters.net; Twitter: @AmbarWarrick))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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