CANADA STOCKS-TSX set to open higher on rising commodity prices

Mon Dec 13, 2010 8:43am EST
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Dec 13 (Reuters) - Toronto's main stock index looked set to open higher on Monday, buoyed by rising commodity prices after China held off on raising interest rates over the weekend despite high inflation pressure.


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

* U.S. stock index futures were higher after China decided to leave interest rates unchanged. [.N]

* European shares rose by midday, on track to post their sixth straight session of gains, with mining shares boosted by a rally in metals prices as confidence in the economic recovery gathered pace. [.EU]

* Asian markets were largely up, with Nikkei clawed back towards a seven-month high as Chinese shares showed resilience to Beijing's efforts to curb inflation and a softer yen supported exporters.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 1.16 percent in early trade.

* Oil rose more than a dollar in line with other commodities after OPEC agreed to keep output targets unchanged despite a surge in heating fuel demand. [O/R]   Continued...