CANADA STOCKS-TSX may open higher after Chinese imports surge

Mon Feb 14, 2011 8:47am EST
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Feb 14 (Reuters) - Canada's resource-heavy stock market looked set to open higher on Monday after Chinese data showed its trade surplus fell, with surprisingly strong imports highlighting the top resource consumer's massive appetite for commodities.


* Canadian equity futures <0#SXF:> were little changed

* U.S. stock index futures edged lower after Wall Street posted two straight weeks of gains that drove indexes to new multi-year highs and investors worried the market is overextended. [.N]

* European shares hit a 29-month high, boosted by a renewed optimism for corporate earnings and an encouraging Chinese trade figures. [.EU]

* Asian stocks rallied, snapping five straight sessions of losses, as talk of slower-than-expected Chinese inflation helped drive Shanghai's main share index to its best level in seven weeks.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.12 percent in early trade.

* Brent crude oil rose towards $102 a barrel supported by Chinese trade data highlighting strong demand for raw materials in the world's second-largest oil consumer. [O/R]   Continued...