CANADA STOCKS-TSX set to open higher, helped by oil, gold prices

Thu Jun 2, 2011 8:37am EDT
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June 2 (Reuters) - Toronto's main stock index looked set to opener higher on Thursday, helped by higher oil and gold prices, which benefited from a weaker U.S. dollar.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE tumbled nearly 2 percent on Wednesday, led by financial and energy shares, as disappointing U.S. data fueled fears that North American economic growth is stalling.


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

* U.S. stock index futures advanced a day after suffering its biggest losses in nearly a year as investors waited for more clues on the strength of the economy ahead of Friday's jobs data. [.N]

* European shares fell as disappointing data from the United States prompted concerns over a slowdown in the pace of economic recovery, causing a pull back in appetite for riskier assets. [.EU]

* Asian stocks slid with shares in Hong Kong and China falling, with Shanghai's main index slumping to a four-month low, on signs that the global economic recovery is losing steam and on fears of more policy tightening in China over the coming long weekend.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.1 percent in early trade.   Continued...