CANADA STOCKS-TSX may open higher after commodity prices recover

Wed Apr 13, 2011 8:32am EDT
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Apr 13 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday as commodity prices edged up and with financial stocks expected to gain after JPMorgan's quarterly results beat forecasts.


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

* U.S. stock index futures rose, rebounding from the previous day's decline, after results from JPMorgan Chase beat expectations and spurred bets that other bank earnings will be strong. [.N]

* European shares extended gains, with banks rising after results at JPMorgan Chase JPM.N beat forecasts. [.EU]

* Asian stocks rose with investors looking for fresh opportunities to bet on risky assets after a sharp drop in oil the previous day caused an unwinding of positions.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.27 percent in early trade.

* Oil crept back above $121, partly reversing a deep sell-off as foreign ministers met for talks on Libya's future and the market awaited U.S. inventory data for possible signs of demand attrition. [O/R]   Continued...