CANADA STOCKS-TSX set to open higher as global stocks rally

Tue Jan 4, 2011 8:47am EST
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Jan 4 (Reuters) - Toronto's main stock index was set to open higher on Tuesday, matching gains by other major indexes on Monday when the Canadian market was closed, and helped by continued bullish sentiment.


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

* U.S. stock index futures rose as optimism continued to permeate the market ahead of data on factory orders and car sales. [.N]

* European equities were at a one-week high, with London-listed commodity shares tracking strong oil and metals prices and catching up with gains elsewhere when London was closed for a holiday on Monday. [.EU]

* Japanese stocks led Asian equities higher


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.17 percent in early trade.

* Oil hovered near the highest price levels in more than two years on accelerating manufacturing activity in developed economies and expectations that U.S. crude inventories will continue to drain. [O/R]   Continued...