CANADA STOCKS-TSX may open higher on stronger commodities, data

Thu Jul 7, 2011 9:02am EDT
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July 7 (Reuters) - Toronto's main stock index looked set to open higher on Thursday, boosted by a rise in commodity prices and some unexpectedly strong U.S. economic data.

News that U.S. private employers added far more jobs than expected in June boosted investors sentiment, offsetting the European Central Bank's decision to raise interest rates for the second time this year.


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

* U.S. stock index futures held gains after data showed new claims for unemployment benefits fell slightly more than expected last week. [.N]

* European shares resumed a rally after a brief dip the previous day. [.EU]

* Asian stocks were mixed with Tokyo stocks snapping a seven-day winning streak as utilities tumbled after the government proposed stress tests on nuclear reactors, sparking fears their restarts may be delayed, but the 10,000 line on the Nikkei held, boosting hopes for further gains.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.78 percent in early trade.   Continued...