CANADA STOCKS- TSX may open higher on rising commods

Thu Mar 1, 2012 8:17am EST
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March 1 (Reuters) - Toronto's main stock index looked set to open higher on Thursday buoyed by rising commodity prices and upbeat economic data.


* 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.


* 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...