CANADA STOCKS-TSX may open slightly higher as gold prices rise

Wed Aug 3, 2011 8:32am EDT
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Aug 3 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday, with record-high bullion prices expected to boost gold miners, helping to offset concerns about the outlook for U.S. and global economic growth.


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

* The Canadian dollar edged higher on Wednesday morning, bouncing from two-week low hit overnight, but remained vulnerable to the global growth outlook, particularly in the United States. [CAD/]

* Wall Street equity futures added to their gains on Wednesday after a reading on private sector employment came in stronger than expected. [.N]

* European shares fell sharply, tracking steep price falls on Wall Street and Asia, on escalating worries about the global economy after a raft of weak data and fears over the euro zone debt crisis spreading to Italy. [.EU]

* Asian stocks plunged with the Nikkei hitting its biggest daily fall since a rout after the March 11 earthquake, dragging it below key technical support levels. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.21 percent in early trade.   Continued...