From Nasdaq:

Futures for Canada’s main stock index rose on Friday due to an increase in crude prices and anticipation of U.S. jobs data. March futures on the S&P/TSX index increased by 0.4% at 7:13 a.m. ET.

Oil prices rose after OPEC+ decided to keep its production policy unchanged. However, energy stocks may face challenges due to fears about China demand growth. Copper prices fell, while gold prices stabilized ahead of U.S. jobs data for insight into potential interest rate cuts.

The U.S. non-farm payroll data is expected to provide insights into the American labour market and the Fed’s future monetary policy. The U.S. central bank recently left its overnight rate unchanged and pushed back against the idea of rate cuts in March.

Nasdaq futures climbed 1% after strong quarterly results from Big Tech companies, Amazon and Meta, overshadowing news of a drop in iPhone sales by Apple due to its Chinese business setbacks.

The Toronto Stock Exchange’s S&P/TSX composite index ended 0.5% higher on Thursday, boosted by industrials and consumer discretionary stocks following positive U.S. manufacturing data. OpenText and Imperial Oil reported their second-quarter results, with OpenText beating analysts’ estimates, and Imperial Oil set to report its fourth-quarter results.

Gold and crude oil prices rose slightly at 7:13 a.m. ET. Gold futures increased by 0.1% to $2,062.9, U.S. crude rose by 0.3% to $74.03, and Brent crude increased by 0.3% to $78.96.

(Reporting by Purvi Agarwal in Bengaluru; Editing by Ravi Prakash Kumar)



Read more: CANADA STOCKS-TSX futures edge higher as oil gains; focus on US jobs data