CANADA STOCKS-TSX may open higher, buoyed by commodity prices

Wed Oct 13, 2010 8:43am EDT
 
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Oct 13 (Reuters) - Toronto's resource-heavy main stock index could open higher on Wednesday as commodity prices got a boost after the Federal Reserve signaled the U.S. economy may need extra stimulus.

FACTORS TO WATCH

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

* U.S. stock index futures pointed to a higher open on Wednesday, boosted by growing expectations of further quantitative easing by the Federal Reserve and on strong results from JPMorgan and technology firm Intel. [.N]

* European shares touched a three-week high, with technology shares among the top performers. [.EU]

* Shares in Asia rose with Hang Seng Index recovering sharply from its losses to close 1.5 percent higher led by financials, and as investors scooped up property shares hit by profit-taking after authorities announced new steps to cool prices.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.76 percent in early trade.

* Oil rose above $82 after China's crude imports jumped last month, while a weaker dollar and expectations of further policy easing in the United States burnished the appeal of commodities for investors. [O/R]   Continued...