CANADA STOCKS-TSX may open higher as commodity prices strengthen
June 28 (Reuters) - Toronto's main stock index looked set to open higher on Tuesday as stronger commodity prices offset some cautious sentiment ahead of crucial votes in the Greek parliament over austerity measures needed to stave off a debt default.
The European Union warned Greek lawmakers their country faced immediate default unless they approve a hated austerity plan, as strikers began new mass protests against the EU/IMF-imposed measures. [ID:nL6E7HS1GR]
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a higher open.
* U.S. stock index futures were mostly flat as investors were reluctant to make bets after a rally in the previous session and waited to see if the Greek parliament would adopt a deeply unpopular austerity plan. [.N]
* European equities edged lower ahead of a crucial vote on unpopular austerity measures by Greece's parliament linked to more aid, while a slump in Cable & Wireless Worldwide CWP.L led telecom shares down. [.EU]
* Asian stocks were mostly up with Hong Kong and China finishing largely flat with declining volumes as Chinese banks holding hefty local government debt was seen as unattractive in the near term even as market players remain optimistic about China's economy.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.56 percent in early trade. Continued...