CANADA STOCKS-TSX may open firmer after U.S. data

Wed Aug 4, 2010 9:00am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Aug 4 (Reuters) - Toronto's main stock index could open higher on Wednesday after stronger than expected U.S. economic data helped ease concerns about the global recovery.

U.S. stock futures SPc1 turned positive after data showed the private sector added slightly more jobs than expected in July. [.N]

Canadian equity futures also pointed to a higher open. <0#SXF:>. The Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was up about 0.12 percent in early trade.

Earlier, global shares and the U.S. dollar were pressured by talk that recent weak economic data could prompt the U.S. Federal Reserve to start a new round of Treasuries purchases to pump funds into the economy.

Here is some news that could affect stock prices:


Oil fell on Wednesday for the first day in five as a rally that powered prices to three-month highs near $83 a day earlier lost steam, with little reaction to an attack on Iran's president. [O/R]


Gold rose above $1,190 an ounce in Europe on Wednesday, benefiting from softer appetite for assets such as stocks and expectations of a rise in Chinese demand, though an ongoing dearth of safe-haven demand capped gains. [GOL/]   Continued...