CANADA STOCKS-TSX to open up as Greece approves deal

Mon Feb 13, 2012 9:14am EST
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Feb 13 (Reuters) - Toronto's main stock index looked set to open higher on Monday, in line with global markets, after Greece's parliament finally approved a deeply unpopular austerity bill to secure a second bailout from the EU/IMF to avoid bankruptcy and a broader financial crisis.

Greek government was under pressure to convince a sceptical euro zone that it would stick to the terms of a multi-billion-euro rescue package endorsed by lawmakers despite violent protests.


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

* U.S. stock index futures rose, indicating the S&P 500 would rebound from its biggest loss of the year as Greece's parliament approved strict financial reforms needed to obtain its latest bailout package.

* European share prices rose after Greece's parliament approved the deeply unpopular austerity bill needed to secure the next EU/IMF rescue package.

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