CANADA STOCKS-TSX may open slightly higher, commodities steady

Tue Jun 15, 2010 8:44am EDT
 
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June 15 (Reuters) - Toronto's main stock index could open slightly higher on Tuesday, helped by steady commodities and strong demand at euro zone debt auctions.

Wall Street is also poised for a higher start, as the euro zone auction news eased short-term concerns about the region's fiscal problems. [.N]

European shares were higher, buoyed by banks. Asia's stock market rally paused as investors booked profits after shares hit a month high on Monday.

Here is some news that could affect stock prices:

OIL RISES

Oil rose above $76 on Tuesday, drawing support from forecasts of reduced crude stockpiles in the United States, but wary following a Greek sovereign debt downgrade that underlined the extent of the euro-zone crisis. [O/R]

COPPER STEADY

Copper steadied on Tuesday, but was under pressure from a firm dollar against the euro and as the market factored in the seasonal lull in base metals demand. [MET/L]

GOLD STAYS FIRM   Continued...