CANADA STOCKS-TSX may open higher on China growth hopes

Wed Sep 1, 2010 8:46am EDT
 
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Sept 1 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday as commodity prices got a boost from news that manufacturing growth accelerated last month in China, the world biggest resource consumer.

FACTORS TO WATCH

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

* China's manufacturing economy staged a moderate rebound in August after slowing for several months under the onslaught of government measures to rein in credit and deter property speculation. [ID:nTOE68001O]

* U.S. stock index futures rose on Wednesday as new signs of growth in China and Australia eased concerns about the global economy. [.N]

* European shares advanced to a near two-week high, with mining shares among the gainers. [.EU]

* Asian stocks rose as investors cheered a manufacturing rebound in China though Shanghai stocks slipped on profit taking and concerns about shrinking profit margins.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.73 percent in early trade.   Continued...