CANADA STOCKS-TSX set to open higher after strong jobs data

Fri May 6, 2011 8:47am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

May 6 (Reuters) - Toronto's main stock index looked set to open higher on Friday after stronger-than-expected Canadian and U.S. jobs data helped boost investor sentiment.


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

* Canada's dollar jumped to a session high against the U.S. dollar after each of the jobs reports. [CAD/]

* U.S. stock index futures extended gains following the U.S. jobs data after four consecutive days of losses. [.N]

* Markets in Asia remained largely low but with an exception to Indian shares, which provisionally closed 1.7 percent higher, with financials leading the rise, as cooling oil prices helped them snap a nine-session losing streak.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was down 0.16 percent in early trade.

* Oil prices briefly turned positive following the U.S. jobs report. [O/R]   Continued...