CANADA STOCKS-TSX may open firmer as gold gains

Tue Jun 8, 2010 8:51am EDT
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June 8 (Reuters) - Toronto's resource-heavy index could open higher on Tuesday as gold hit a record high and equity futures pointed to a stronger start.

Wall Street also looked set to open slightly higher after Fed Chairman Ben Bernanke said the U.S. economy appeared to have enough momentum to avoid a double-dip recession, citing strengthening consumer and business spending. [.N]

European shares were down after Germany said it plans to impose a tax on nuclear fuel. Most Asian markets closed higher as traders paused a sell-off of riskier assets.

Here is some news that could affect stock prices:


Oil hovered around $71 a barrel on Tuesday as concerns about the euro zone crisis subdued optimism over U.S. demand, ahead of data expected to show a fall in crude stocks in the world's largest fuel user. [O/R]


Copper steadied on Tuesday not far off recent eight-month lows, as gains in the wider financial markets lent support but sentiment remained fragile given concerns that the pace of global recovery might slow. [MET/L]