CANADA STOCKS-TSX may open higher on rising oil prices

Wed Aug 17, 2011 8:33am EDT
 
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Aug 17 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday as rising commodity prices boosts investors' sentiment towards riskier assets.

FACTORS TO WATCH

* Canadian equity futures <0#SXF:> pointed to a higher open.

* U.S. stock index futures rose alongside oil prices and the euro, indicating a shift to risky assets. [.N]

* Financial services stocks bore the brunt of selling as the FTSEurofirst fell in response to proposals set out by French President Nicolas Sarkozy and German Chancellor Angela Merkel aimed at tackling the euro zone debt crisis. [.EU]

* Asian stocks were mixed, with Japanese shares falling, dragged down mainly by hi-tech firms. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.81 percent in early trade.

* Brent crude rose to $110 a barrel after an industry report showed a larger-than-expected decline in U.S. gasoline supplies and upbeat economic data trumped concerns over the euro zone debt crisis. [O/R]   Continued...