CANADA STOCKS-TSX may open higher, U.S. data eyed

Mon Mar 26, 2012 8:12am EDT
 
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March 26 (Reuters) - Toronto's main stock index looked set to open higher on Monday ahead of U.S. housing data that could offer more evidence of a rebound in the the economy of Caanda's biggest trade partner.

FACTORS TO WATCH

* Canadian equity futures pointed to a higher open.

* U.S. stock index futures rose, pointing to an equities rebound after the S&P's worst weekly performance so far this year as investors looked ahead to February pending home sales data.

* European shares were flat in a choppy session as falls in Spain on concerns about a government setback in regional elections offset a strong German economic survey.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, rose 0.22 percent in early trade.

* Oil prices were steady at around $125 per barrel, pausing after a rally of around 1.5 percent the previous session as renewed worries about the financial stability of the eurozone returned to the fore.   Continued...