TSX may open higher ahead of U.S. policy meeting

Wed Nov 2, 2011 8:26am EDT
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(Reuters) - Toronto's main stock index looked set to open slightly higher on Wednesday, with investors awaiting developments on the Greece debt crisis and a U.S. monetary policy meeting later in the day.


* Canadian equity futures pointed to a higher open.

* U.S. stock index futures edged higher, following two days of sharp market losses, with developments in Greece and a U.S. monetary policy meeting in focus. .N

* European stocks turned negative in late morning, adding to a sharp two-session drop as investors dumped banking shares on fresh concerns about euro zone debt crisis. .EU


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.67 percent in early trade.

* Brent crude bounced after three days of losses, supported by hopes the Federal Reserve might hint at more measures to boost the U.S. economy, although retreating from earlier highs on renewed euro zone debt worries. <O/R>

* Gold firmed, helped by safe-haven demand as the euro zone troubles deepened and business surveys showed the severe impact the crisis had on manufacturing in the region.   Continued...