CANADA STOCKS-TSX seen higher on upbeat China data

Mon Sep 13, 2010 8:52am EDT
 
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TORONTO, Sept 13 (Reuters) - Toronto's resource-heavy index looked set to open higher on Monday after economic data released over the weekend showed factories ramped up production in August in China, the biggest consumer of resources.

FACTORS TO WATCH

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

* U.S. stock index futures pointed to a higher open for Wall Street on Monday, with stocks expected to be boosted by upbeat Chinese factory data and a deal on global bank rules. [.N]

* European shares extended gains in morning trade on Monday, led higher by financials on investor relief after the new "Basel III" bank capital rules were introduced. [.EU]

* Asian markets were also up after economic data released over the weekend showed Chinese factories ramped up production in August and money growth easily topped expectations. [ID:nTOE68A00H]

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.31 percent in early trade.

* Oil rose to a one-month high on Monday, spurred higher by strong Chinese demand growth and industrial output, while an extended shutdown of a major Canada-U.S. crude pipeline tightened supply. [O/R]   Continued...