CANADA STOCKS-TSX may extend rally, helped by data

Thu Sep 2, 2010 8:43am EDT
 
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Sept 2 (Reuters) - Toronto's main stock index could open higher on Thursday, a day after the index notched its highest close in more than 15 weeks, helped by a U.S. report that new claims for unemployment benefits fell last week,

FACTORS TO WATCH

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

* New U.S. claims for unemployment benefits fell last week, government data showed on Thursday, but were still too high to signal a change in fortunes for the troubled labor market. [ID:nN02194957]

* U.S. stock index futures edged higher on Thursday after Wall Street's best day in eight weeks. [.N]

* European equities edged lower after the previous session's jump, though auto shares were buoyed by sales data. [.EU]

* Asian stocks hit a two-week high, with Japan's Nikkei briefly rising more than 2 percent, with tech shares among the gainers.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.04 percent in early trade.   Continued...