CANADA STOCKS-TSX may open firmer as commodities hold higher

Thu Jul 15, 2010 9:00am EDT
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July 15 (Reuters) - Toronto's main stock index could open firmer on Thursday as commodity price held higher even after China said its economic growth eased in the second quarter.

The Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was up 0.45 percent in early trade.

Wall Street is poised for a higher open after better-than-expected quarterly profits from JPMorgan (JPM.N: Quote) allayed concerns about the strength of the financial sector. [.N]

But U.S. stock index futures trimmed gains after a slew of data, including weekly initial jobless claims, June producer prices and the New York Federal Reserve Bank's manufacturing activity index.

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

European shares turned positive as drugmakers advanced, led higher by GlaxoSmithKline (GSK.L: Quote) after a U.S. panel of health experts voted to keep its diabetes pill Avandia on the market.

Markets in Asia were down on profit-taking and as the Chinese data injected caution among traders.

Here is some news that could affect stock prices:

CHINESE DATA   Continued...