CANADA STOCKS-TSX may open higher on hope for strong earnings

Wed Jul 14, 2010 8:56am EDT
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July 14 (Reuters) - Toronto's main stock heavy index could open higher on Wednesday on growing optimism that second-quarter company results will top expectations.

Wall Street is also set for a higher start, setting the stage for a seventh straight day of gains, after technology bellwether Intel (INTC.O: Quote) reported better-than-expected quarterly earnings. [.N]

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

European shares turned negative, with banks losing ground on concerns about stringent rules for the sector. Most Asian stocks rose with the Nikkei closing 2.71 percent up.

Here is some news that could affect stock prices:


Oil eased to below $77 a barrel on Wednesday, falling from a two-week high, after a weekly industry report showed a surprise increase in U.S. crude inventories and European equities turned lower. [O/R]


Copper climbed higher on Wednesday, boosted by higher equity markets and a stronger euro on the back of an improvement in risk appetite, while a hefty drop in copper inventories have also offered support. [MET/L]   Continued...