CANADA STOCKS-TSX may open higher as commodities gain

Tue Jul 14, 2009 8:36am EDT
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TORONTO, July 14 (Reuters) - Toronto's main stock market index could open higher on Tuesday, as rising oil and metal prices may give the resource-heavy index a boost.

A burst of confidence in U.S. financial stocks lifted global equities ahead of results for bellwether Goldman Sachs. [ID:nLE309151]

U.S. stock index futures were modestly higher on Tuesday after Goldman Sachs Group (GS.N: Quote) posted its second-quarter earnings. [ID:nN14256271]

On Monday the S&P/TSX composite index .GSPTSE closed up 144.80 points, or 1.49 percent, at 9,891.93.

Here is some news that could affect the market:


Belgian holding company RHJ International SA RHJI.BR said on Monday it was in advanced talks to buy a majority stake in General Motors Corp's GMGMQ.PK European unit Opel. [ID:nLD281969]


Brent crude oil futures bounced back above $61 a barrel on Tuesday, buoyed by stronger equities and technical signals indicating the market may have formed a short-term base after falling by almost 19 percent so far in July.[ID:nLE371936]   Continued...