TSX futures climb as commodity prices gain on positive China data

(Reuters) - Futures tracking Canada's resources-heavy stock index climbed on Friday as prices of most metals and crude rose after optimistic economic data from China boosted demand and recovery hopes.

September futures on the S&P/TSX index were up 0.5% at 7:04 a.m. ET (1104 GMT).

Upbeat data on China's factory output and retail sales in August bolstered market sentiment, as it suggested that a flurry of recent measures to shore up the world's second-largest economy were starting to bear fruit.

Investors will closely track mining stocks and energy shares, with gold, copper and oil prices rising on the positive China sentiment.[O/R] [GOL/] [MET/L]

The Toronto Stock Exchange's S&P/TSX composite index rose on Thursday to its highest level in six weeks, adding 288.9 points, or 1.4%, at 20,567.84. [.TO]

Markets will also be looking at U.S. August industrial production and the University of Michigan's preliminary reading of consumer sentiment, due later in the day, for more clues on the strength of the world's largest economy.

Dow e-minis were up 92 points, or 0.26% at 7:04 a.m. ET, while S&P 500 e-minis were up 6 points, or 0.13% and Nasdaq 100 e-minis were down 4.75 points, or 0.03%. [.N]

Meanwhile, Canada's Prime Minister Justin Trudeau on Thursday said he had summoned the country's top grocers to help solve the surging food prices and vowed to cut federal taxes on new rental buildings as consumers battle high prices.

COMMODITIES AT 7:04 a.m. ET

Gold futures: $1,921.4; +0.4% [GOL/]

US crude: $90.55; +0.4% [O/R]

Brent crude: $94.02; +0.3% [O/R]

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report [.TO]

Canadian dollar and bonds report [CAD/] [CA/]

Reuters global stocks poll for Canada

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($1= C$1.3517)

(Reporting by Khushi Singh in Bengaluru; Editing by Tasim Zahid)