CANADA STOCKS-TSX set for higher open on oil, U.S. data

Thu Sep 9, 2010 8:42am EDT
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TORONTO, Sept 9 (Reuters) - Toronto's main stock index looked set to rise at Thursday's open on the back of higher oil prices and favorable U.S. data, but softer copper prices could limit gains.


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

* U.S. stock index futures extended gains after and data showed U.S. jobless claims fell last week, and the trade gap narrowed more than expected in July. [.N]

* European shares gained, with a key index holding above a resistance level, as banks gained after positive comments on the economy by a European Central Bank policy-maker helped bolster investors' confidence. [.EU]

* Markets in Asia edged up while China stocks bucked the trend after a sudden drop in the commodities futures prompted skittish investors to take money off the table.

*There is still a 40 percent chance of a double-dip recession in the United States, and the slide back into recession could come within 12 months, U.S. economist Nouriel Roubini said on Wednesday. [ID:nN08143760]


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.17 percent in early trade.   Continued...