CANADA STOCKS-TSX set to open higher on U.S. job growth

Fri Aug 5, 2011 8:56am EDT
 
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Aug 5 (Reuters) - Toronto's main stock index was set to open higher on Friday, as a report showing U.S. job growth accelerated more than expected in July caused a snap reversal in investors sentiment.

FACTORS TO WATCH

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

* U.S. stock index futures rallied more than 1 percent after a report showed job growth accelerated more than expected in July as private employers stepped up hiring. [.N] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.15 percent in early trade.

* Brent crude futures extended gains and U.S. crude turned positive in choppy trading after a better-than-expected July nonfarm payrolls report from the United States. [O/R]

* Gold prices held firm on Friday as the dollar fell against the euro after a monthly report showed the U.S. economy created more jobs than expected in July. [GOL/]

CANADIAN STOCKS TO WATCH   Continued...