CANADA STOCKS-TSX may open up on commods, Europe optimism

Wed Oct 12, 2011 8:40am EDT
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Oct 12 (Reuters) - Canada's main stock index looked set to open higher on Wednesday, with miners in focus, as metal prices rose on signs of Chinese restocking.


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

* U.S. stock index futures rose, putting the benchmark S&P 500 on track for its sixth day of gains in seven, as Slovakia moved toward a deal on expanding the euro zone rescue fund. [.N]

* European shares hit a five-week high with miners boosted by stronger metals on signs of Chinese restocking and on expectations that Slovakia's failure on Tuesday to ratify the euro zone's rescue plan was a temporary blip. [.EU]

* A rebound in Chinese shares lifted most Asian stocks, but Nikkei fell, with the automobile sector hit on Thailand's flood damage to factories ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.51 percent in early trade.

* Brent crude rose over $1 as strong euro zone data and growing hopes that a deal would be done on expanding the zone's rescue fund prompted a move into riskier assets. [O/R]   Continued...