CANADA STOCKS- TSX may open higher on rising commods
March 1 (Reuters) - Toronto's main stock index looked set to open higher on Thursday buoyed by rising commodity prices and upbeat economic data.
FACTORS TO WATCH
* Canadian equity futures pointed to a higher open.
* U.S. stock index futures edged higher after Wall Street finished February with healthy gains as investors looked ahead to economic data that could reinforce recent signs of improved growth.
* European stocks were higher, led by bank shares benefiting from the European Central Bank's latest liquidity boost while a dip in Spanish borrowing costs at an auction fuelled hopes the worst of the euro zone crisis is over.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.03 percent in early trade.
* Oil rose above $123 a barrel as better-than-expected economic data from China and the United States bolstered the demand outlook and concern persisted about supply disruption from Iran.
* Gold rebounded as physical bullion investors were tempted back to the market by the previous session's 5 percent price plunge, its biggest one-day drop since before the collapse of Lehman Brothers in October 2008. Continued...