CANADA STOCKS-TSX futures gains on U.S.-Britain deal, China talks awaited

May 9 (Reuters) - Futures for Canada's main stock index rose on Friday, buoyed by optimism around the first trade deal between the United States and Britain, as markets await the upcoming U.S.-China meeting, which could influence global trade dynamics.

June futures on the S&P/TSX index .SXFcv1 were up 0.4% at 6:08 a.m. ET (1008 GMT).

The main stock index rose to a five-week high on Thursday, as investors cheered corporate earnings, while a limited bilateral trade deal between Washington and the UK signaled an easing of tariff-related uncertainty.

The "general terms" agreement leaves in place a 10% tariff on goods imported from the UK but lowers prohibitive U.S. duties on UK car exports. Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to U.S. goods.

All eyes will be on the meetings between the U.S. and China representatives over the weekend in Switzerland, after Trump said he expected substantial negotiations and that China tariffs would come down from 145%.

Separately, Reuters reported that India had offered to slash its tariff gap with the U.S. to less than 4% from nearly 13% now, in exchange for an exemption from U.S. tariffs, as per sources.

In commodities, oil and gold prices rose and were poised for a weekly gain, while prices of base metals were mixed on Friday

In corporate news, U.S. carrier Delta Air Lines DAL.N and Korean Air Lines 003490.KS will acquire an aggregate 25% stake in Canada's WestJet Airlines for $550 million from private equity firm Onex Corp ONEX.TO.

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