CANADA STOCKS-TSX set to open higher, Greek hopes help sentiment

Wed Feb 8, 2012 8:43am EST
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Feb 8 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday, on hopes that an agreement on a second Greek bailout was close and an improving global economic outlook.

Greek leaders are due to meet later to agree a deal on painful austerity steps needed to secure a 130 billion euro ($172 billion) rescue from the IMF and European Union and avoid a potentially chaotic debt default.


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

* U.S. stock index futures edged higher as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.

* European shares hit a new six-month high, with cyclical stocks extending a strong run as investors became more confident that economic growth would boost company earnings, and eclipse concerns about Greece. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, rose 0.24 percent in early trade.   Continued...