CANADA STOCKS-TSX may open higher after strong employment data
July 9 (Reuters) - Toronto's main stock index looked set to open higher on Friday after employment data showed Canada's economy created far more jobs than expected in June in a surprising sign of strength after a raft of discouraging data.
A rise in commodity prices, including oil, also suggested a stronger start.
Wall Street is also set for a higher open as investors brace for the start of earnings next week. [.N]
European shares extended a rally into a fourth session with banks among the gainers. European Central Bank President Jean-Claude Trichet dismissed warnings that drastic and simultaneous spending cuts planned by euro zone governments could send the 16-country bloc back into recession.
Asian markets rose with Shanghai Composite Index posting its biggest weekly gain this year.
Here is some news that could affect stock prices:
JOB GROWTH STRONG
Canada's economy created far more jobs than expected in June in a surprising sign of strength after a raft of discouraging data, fueling expectations the central bank will hike interest rates again this month. [ID:nN09262340]
OIL RISES Continued...