CANADA STOCKS-TSX may open higher on firm crude price, U.S. data

Thu Jul 8, 2010 8:54am EDT
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July 8 (Reuters) - Toronto's main stock index could open higher on Thursday as stronger crude oil and metal prices lift energy and mining stocks and firmer U.S. data boosts investor sentiment.

Wall Street also looked set to open higher after U.S. data showed first-time claims for jobless benefits fell more than expected last week. [.N]

Canadian equity futures also pointed to a higher start. <0#SXF:>

European shares rose, with the banking sector higher after the European Central Bank and the Bank of England held their key interest rates unchanged.

Major Asian markets were up, with Nikkei jumping 2.76 percent, but the Shanghai Composite Index bucked the trend on profit-taking.

Here is some news that could affect stock prices:


Oil rose to around $75 per barrel, supported by a rally in stock markets and an industry report showing a sharp fall in crude oil inventories in the United States, the world's biggest oil consumer. [O/R]

COPPER RISES   Continued...