CANADA STOCKS-TSX set for higher open on boost from Chinese data
Dec 10 (Reuters) - Toronto's main stock index looked set to open higher on Friday, with resource-related companies in focus as strong Chinese economic data helped to support commodity prices.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a higher open.
* U.S. stock index futures rose following encouraging data out of China and as a two-year high in the S&P 500 had investors betting on a year-end rally. [.N]
* European stocks edged higher, on track to post their biggest weekly gain since early November, but the rise was limited by profit-taking in shares of financial institutions after a sharp 10-day rally. [.EU]
* Japanese stocks fell after a rise to a seven-month high earlier in the day prompted profit taking, although they outperformed the rest of Asia this week.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.21 percent in early trade.
* Oil rose for a second day to trade close to $89 as Chinese crude imports rebounded, and the International Energy Agency raised its global oil demand forecast. [O/R] Continued...