CANADA STOCKS-TSX set to open higher as metals, oil rise

Mon Feb 7, 2011 8:39am EST
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Feb 7 (Reuters) - Canadian stocks looked set to open higher on Monday, helped by gains in commodities, including stronger metal prices and a rise in oil above $100 a barrel.


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

* U.S. stock index futures rose, tracking gains in European stocks, as metal prices advanced on bets of a stronger global economy. [.N]

* Strong earnings helped lift European shares to a 29-month high, while oil and mining stocks also provided support on rising commodity prices. [.EU]

* Asian stocks pushed towards a near three-year peak on Monday as the U.S. job market showed further signs of recovery, highlighting a brighter economic outlook.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.30 percent in early trade.

* North Sea Brent crude oil futures jumped back above $100 a barrel on worries unrest in Egypt could spread to other parts of the Middle East and north Africa, disrupting energy supplies. [O/R]   Continued...