CANADA STOCKS-TSX set to rebound after sell-off, Greece eyed

Wed Mar 7, 2012 8:23am EST
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March 7 (Reuters) - Canadian stocks looked set to open higher on Wednesday, after falling about 1.8 percent in the previous session, on investor hopes that Greece will muddle through its debt woes and global growth will hold up relatively well.


* Canadian equity futures pointed to a higher open.

* U.S. stock index futures rose, a day after Wall Street suffered its worst selloff in three months and ahead of a private employment report expected to show the U.S. economy added jobs in February.

* European shares were higher, led by banks as jittery investors awaited a deal on Greece's debt swap and a key U.S. jobs report later this week.


* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, was little changed in early trade.

* Brent crude gained after China said it would boost energy imports this year, though the marker oil held well below a near four-year high set last week as Iran's offer of talks with major powers eased concerns about supply disruption.

* Gold prices snapped three days of losses to rise in Europe, helped by a recovery in the euro versus the dollar, which eased negative currency effects on the precious metal, and by demand for physical gold at lower prices from Asia.   Continued...