CANADA STOCKS-TSX may open higher; commodities up on China data
Nov 1 (Reuters) - Toronto's resource-heavy main stock index looked set to open higher on Monday, supported by rising commodity prices and surprisingly strong manufacturing data from China, the world's biggest resource consumer.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a higher open.
* U.S. stock index futures rose, buoyed by strong Chinese manufacturing data as investors awaited a new batch of economic reports to kick off a week marked by mid-term elections and the U.S. Federal Reserve's monetary policy meeting. [.N]
* China's factories ramped up their production last month and were buoyed by an influx of new business, highlighting the strength of the world's second-largest economy but also pointing to price pressures. [ID:nTOE6A001P]
* European shares rose, with miners gaining on higher metals prices after surprisingly strong Chinese manufacturing data, and as the dollar weakened ahead of the U.S. Federal Reserve's likely monetary easing. [.EU]
* Most markets in Asia rose with the exception of Japan's Nikkei, which hit a seven-week closing low hurt by disappointing earnings report by Honda Motors and strengthening yen.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.55 percent in early trade. Continued...