CANADA STOCKS-TSX looks set to open little changed, Fed eyed

Wed Nov 3, 2010 9:02am EDT
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Nov 3 (Reuters) - Toronto's main stock index looked set to open little changed on Wednesday, supported by a rise in commodity prices, but with investors largely focused on the U.S. Federal Reserve's monetary policy decision later in the session.


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

* U.S. stock index futures edged up after Republicans won control of the U.S. House and strengthened their ranks in the Senate and ahead of an expected Federal Reserve announcement on monetary easing. [.N]

* European shares rose for a fifth straight day, on hopes that the U.S. Federal Reserve will announce further monetary easing and help put the economic recovery back on track. [.EU]


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.49 percent in early trade.

* Oil climbed to a six-month high above $85 for a second straight session after U.S. fuel inventories fell, and ahead of the widely anticipated U.S. Federal Reserve's quantitative easing announcement due later. [O/R]

* Gold held firm near $1,360 an ounce in Europe, supported by a softer dollar, as traders remained nervous of adding to positions ahead of an announcement on monetary policy from the Federal Reserve. [GOL/]   Continued...