CANADA STOCKS-TSX may open higher as Europe worries ease

Thu Jun 17, 2010 8:47am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 17 (Reuters) - Toronto's main stock index could open slightly higher on Thursday as strong demand for Spanish bonds calmed investors' nerves over euro zone debt worries.

Wall Street was poised for a higher start, though futures pared gains after disappointing jobless claims data. [.N]

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

European shares were higher for the seventh session in a row to a near five-week high, with banks among the top gainers. Asian shares were mixed with Nikkei's weaker close.

Here is some news that could affect stock prices:

OIL TRIMS LOSSES

Oil trimmed earlier losses and was trading above $77 a barrel on Thursday, as anxiety over Spain's public finances eased in global markets following the results of its well covered bond auction. [O/R]

COPPER SLIDES

Copper prices slid on Thursday, as worries about demand from top consumers the United States and China returned to haunt the market and traders noted the first rise in stocks in a month. [MET/L]   Continued...