CANADA STOCKS-TSX may open higher; Greek vote helps commodities

Thu Jun 30, 2011 8:21am EDT
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June 30 (Reuters) - Toronto's resource-heavy main stock index looked set to open higher on Thursday after Greece took a step closer to avoiding a default in the short term, helping to send commodity prices higher.

The Greek parliament was set to approve detailed austerity and privatization bills on Thursday to secure emergency funds and avert imminent bankruptcy, though longer-term dangers still lurk. [ID:nL6E7HU0DD]


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

* U.S. stock index futures pointed to a fourth day of gains for Wall Street as optimism that Greece's debt problems are getting resolved helped lift equities from their recent lows. [.N]

* European shares reversed slim gains and briefly turned negative, with auto stocks giving up some of their strong gains of recent days. [.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.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.11 percent in early trade.   Continued...