CANADA STOCKS-TSX may open slightly higher with commodities firm

Thu Dec 9, 2010 8:57am EST
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Dec 9 (Reuters) - Toronto's main stock index looked set to open slightly higher on Thursday, helped by firmer commodity prices, positive U.S. data and healthy earnings from some companies.


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

* U.S. stock index futures added gains on Thursday after the government reported the number of U.S. workers filing for jobless benefits fell more than expected last week. [.N]

* European shares hit a 26-month high on optimism U.S. tax cuts would boost consumption, with technology stocks boosted after ASML (ASML.AS: Quote) lifted its booking forecast. [.EU]

* Markets in Asia rose as the consensus between China and North Korea on the Korean peninsula crisis after "candid" talks gave markets some respite from lingering fears of a political upheaval.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.11 percent in early trade.

* Oil prices climbed after two days of declines, up initially in tandem with equities on renewed optimism about global economic growth, but later paring gains as the dollar turned positive. [O/R]   Continued...