CANADA STOCKS-TSX may open higher as oil, gold rise

Tue Jul 5, 2011 8:15am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

July 5 (Reuters) - Toronto's resource-heavy main stock index looked set to open slightly higher on Tuesday, helped by stronger oil and gold prices, even as concerns lingered about the global economic outlook and possible monetary tightening in China.


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

* U.S. stock index futures were slightly higher on Monday before factory orders data and as traders returned from a long holiday weekend after the S&P 500's extended winning streak last week. [.N]

* European shares edged up for a seventh session, though strategists were advising caution as weak euro zone economic data cast fresh doubts on the strength of the recovery. [.EU]

* Asian stocks pulled back slightly from a one-month high as some investors took profits from their recent rally.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.54 percent in early trade.

* North Sea Brent LCOc1 jumped more than $1 per barrel after Barclays Capital raised its forecasts for crude oil in 2012, outweighing worries over the global economy. [O/R]   Continued...