CANADA STOCKS-TSX could open higher on Greece deal, gold

Mon Apr 12, 2010 8:46am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO, April 12 (Reuters) - Toronto's main stock index could open higher on Monday as a massive deal for debt-stricken Greece boosted investors' appetite for risk and gold rallied, but gains could be capped by slipping oil prices.

Global equities measured by the MSCI All-Country World Index .MIWD00000PUS advanced 0.3 percent to an 18-month high and U.S. stock futures gained ahead of Alcoa Inc AA.N earnings.

Toronto's main stock index finished a volatile week higher on Friday with broad gains backed by a rise in the price of key metals and optimism that Canada's economic recovery is on track.

Here is some news that could affect stock prices:

MARKETS WELCOME GREECE DEAL

Markets saluted a euro zone deal on a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds on Monday as fears of a near-term default dissipated. [ID:nLDE63B0NP]

OIL SLIDES

Oil prices slipped below $85 a barrel, consolidating despite a drop in the dollar and bullish data showing a big jump in Chinese crude imports. [O/R]

GOLD RALLIES   Continued...