CANADA STOCKS-TSX may open firmer on oil rebound
TORONTO Jan 14 (Reuters) - Toronto's main stock index could open higher on Thursday as energy producers get a boost from rising oil prices after reassuring remarks from the U.S. Federal Reserve that demand will grow in 2010.
But gains in the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE could be offset by weaker gold, which may hurt the heavily weighted materials sector.
And U.S. futures pointed to a softer open ahead of a raft of U.S. data and Intel Corp's (INTC.O: Quote) first quarter results after the bell, which are expected to kick off the tech sector earnings with a bang. [.N]
Canadian stocks closed higher after a choppy session on Wednesday after two days of losses.
Here is some of the news that may affect the market:
Oil rose towards $80 a barrel after dropping to 2010 lows the previous day as expectations for rising demand growth in the world's top energy consumer the United States shored up prices. [O/R]
Gold eased slightly in Europe as the dollar firmed a little against the euro ahead of a European Central Bank policy decision later in the session, curbing interest in the metal as an alternative asset.[GOL/] Continued...