Oct 29 (Reuters) - Futures for Canada's main stock index were set to join a global recovery on Thursday, a day after TSX posted its worst day in over four months over worries about surging coronavirus cases in Europe and the United States.
December futures on the S&P/TSX index SXFc1 were up 0.57% at 7:00 a.m. ET.
Data on Canada's average weekly earnings is due at 8:30 a.m. ET
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 2.71% lower at 15,586.57 on Wednesday.
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.43% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.59% and Nasdaq 100 e-mini futures NQc1 were up 0.96%.
TOP STORIES TOP/CAN
J.C. Penney Co Inc JCPNQ.PK said on Wednesday it has entered an asset purchase agreement with Brookfield Asset Management Inc BAMa.TO , Simon Property Group (NYSE:SPG) SPG.N and a majority of the company's first lien lenders. RESEARCH HIGHLIGHTS RCH/CA
Cogeco Communications Inc CCA.TO : RBC cuts price target to C$114 from C$119
Suncor Energy Inc SU.TO : Citigroup (NYSE:C) cuts to "neutral" from "buy"
Acadian Timber Corp ADN.TO : CIBC cuts price target to C$18 from C$19
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2 : $1878.7; -0.03% GOL/
US crude CLc1 : $36.16; -3.29% O/R
Brent crude LCOc1 : $37.91; -3.09% O/R
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 GDP advance for Q3: Expected 31.0%; Prior -31.4%
0830 GDP sales advance for Q3: Prior -28.1%
0830 GDP cons spending advance for Q3: Prior -33.2%
0830 GDP deflator advance for Q3: Expected 2.8%; Prior -2.1%
0830 Core PCE prices advance for Q3: Expected 4.0%; Prior -0.8%
0830 PCE prices advance for Q3: Prior -1.6%
0830 Initial jobless claim : Expected 775,000; Prior 787,000
0830 Jobless claim 4week average : Prior 811,250
0830 Continue jobless claim : Expected 7.700 mln; Prior 8.373 mln
1000 Pending Homes Index for Sep: Prior 132.8
1000 Pending sales change mm for Sep: Expected 3.4%; Prior 8.8%
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= C$1.32)