CANADA STOCKS-TSX may open higher; commodities up on China data

Mon Nov 1, 2010 8:45am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

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.


* 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.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.55 percent in early trade.   Continued...