CANADA STOCKS-TSX may open higher on hopes for Greek crisis fix

Tue Jun 21, 2011 8:20am EDT
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June 21 (Reuters) - Toronto's main stock index looked set to open higher on Tuesday, helped by stronger commodity prices and expectations that the euro zone will avoid a messy default of Greek sovereign debt.


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

* U.S. stock index futures pointed to a strong open for Wall Street, adding to gains from the previous session, as expectations grew that a solution would be found for Greece to avoid a default. [.N]

* Battered European shares rose on expectations that policymakers can come up with a solution to save Greece from missing its July debt payment and avoid short-term contagion risk to euro zone peripheral countries. [.EU]

* Asian market rose and Tokyo stocks closed more than 1 percent for their biggest daily gain in three weeks, led by auto stocks climbing on bullish comments from a brokerage but volume was thin and most players were on the sidelines ahead of a Federal Reserve policy meeting.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.51 percent in early trade.

* Oil rose from a dive to a four-month low in the previous session as the euro gained against the dollar ahead of a confidence vote in Greece aimed at avoiding a messy default of its sovereign debt. [O/R]   Continued...