CANADA STOCKS-TSX may open higher as commodity prices rebound

Wed May 18, 2011 8:25am EDT
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May 18 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday, with a rebound in commodity prices helping to boost investors' sentiment towards riskier assets.


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

* U.S. stock index futures rose, helped by stronger-than-expected results from computer maker Dell and a rebound in commodity prices. [.N]

* European equities bounced back from four-week closing lows as strong results from Land Securities (LAND.L: Quote) led real estate companies higher, while miners tracked a sharp rebound in key base metals prices. [.EU]

* Markets in Asia were high, with an exception to India's Sensex, which closed 0.28 percent lower, led by losses in Reliance Industries and State Bank of India.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.96 percent in early trade.

* Oil rebounded more than $1 to above $111 a barrel, after falling for two sessions, supported by a surprise drop in U.S. gasoline inventories and a weaker dollar. [O/R]   Continued...