CANADA STOCKS-TSX may open higher on commodity gains

Mon Jun 14, 2010 8:48am EDT
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June 14 (Reuters) - Toronto's main stock index could open higher on Monday as commodity prices gained, signaling growing investor confidence in the global economic recovery.

Wall Street is also set to open higher after data showed euro zone industrial output in April surged year-on-year more than in any month in almost two decades. [.N]

European shares touched a four-week high, with banks being the top gainers, and as Germany and France launch a decisive week for reforms in Europe aimed at preventing a repeat of Greece's debt crisis. Asian stocks rose to a one-month high, led by a rally in the technology sector.

Here is some news that could affect stock prices:


Oil prices rallied by 2 percent to $75 a barrel on Monday as renewed optimism about the global recovery boosted the outlook for fuel demand and sent Asian and European stock markets to their highest level in four weeks. [O/R]


Copper hit its highest in just over a week on Monday as risk aversion in the wider markets ebbed and investors focused on still strong demand signals, setting aside macro-economic worries for now. [MET/L]

GOLD GAINS   Continued...