CANADA STOCKS-TSX may open flat ahead of Fed policy meeting

Tue Dec 14, 2010 8:40am EST
 
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Dec 14 (Reuters) - Toronto's main stock index was headed for a flat open on Tuesday as commodities were mostly steady. Gold rose one percent on the sagging U.S. dollar.

FACTORS TO WATCH

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

* U.S. stock index futures were little changed as investors awaited the Federal Reserve's assessment of the economy. [.N]

* European shares slipped after their longest winning streak in five months ahead of the Fed announcement. [.EU]

* Asian stocks advanced, supported by optimism that China would shun aggressive measures to curb inflation that could slow growth or blunt its voracious demand for raw materials.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.28 percentarly trade.

* Oil prices consolidated ahead of U.S. inventory data.[O/R]   Continued...