CANADA STOCKS-TSX may edge up after Bernanke comments

Tue Mar 27, 2012 8:19am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

March 27 (Reuters) - Toronto's main stock index looked set to edge higher at Tuesday's opening, after the Federal Reserve signaled it would keep supporting economic growth with loose monetary policy, but concerns about the euro zone debt crisis may limit gains.


* Canadian equity futures pointed to a higher open.

* U.S. stock index futures were little changed as investors found little reason to keep pushing shares higher after comments from Federal Reserve Chairman Ben Bernanke sparked a rally.

* European shares gained, with banks among the biggest movers on reports of a stake sale at Royal Bank of Scotland, while expectations of another round of monetary easing in the United States also helped give support.


* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, rose 0.05 percent in early trade.

* Oil held above $125 a barrel, boosted by supply concerns amid tightening Western sanctions on Iran although expectations for an increase in U.S. crude inventories dampened sentiment.

* Gold prices steadied around two-week highs after posting their biggest one-day rise since late January in the previous session, boosted by expectations that U.S. interest rates will stay lower for longer and by gains in the euro.   Continued...