CANADA STOCKS-TSX may rise at open, weak dollar may lift miners
Jul 26 (Reuters) - Toronto's main stock index looked set to open higher on Tuesday, led by mining shares that could benefit as a falling U.S currency made dollar-denominated commodities cheaper to buy.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a higher open.
* U.S. stock index futures were slightly higher after earnings from Ford Motor Co (F.N: Quote) and other blue chip companies bolstered optimism about a strong earnings season[.N]
* European stocks extended their losses as results from an Italian debt auction reignited concerns over the euro zone debt crisis and weaker-than-expected results from oil major BP and Swiss bank UBS. [.EU]
* Asian markets were mostly higher, but Indian shares were slammed after the central bank stunned markets with a hefty rate increase, stoking expectations that policy rates may be peaking.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.39 percent in early trade.
* Oil prices rose bolstered by dollar weakness as a political tussle on raising the U.S. debt ceiling persisted, though investors shrugged off fears that a U.S. default would undermine the appetite for riskier assets. [O/R] Continued...