CANADA STOCKS-TSX may open higher on Europe hope, U.S. data

Wed Oct 5, 2011 8:41am EDT
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Oct 5 (Reuters) - Canadian stocks looked set to open higher on Wednesday, helped by a pledge from policymakers to strengthen the European banking sector and unexpectedly strong U.S. employment data.

Global shares and key commodities bounced after European ministers agreed to shore up euro zone banks against the spreading debt crisis and an IMF director said the fund might offer support by buying Spanish and Italian bonds. [MKTS/GLOB]


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

* U.S. stock index futures briefly added to gains after a private sector employment report showed the economy gained more jobs than expected last month. [.N]

* Britain's top shares rallied as hopes for further economic stimulus and support for debt-stricken Greece boosted appetite for riskier banking and commodity stocks. [.EU]

* Asian stocks trimmed earlier gains with Nikkei closing 0.86 percent lower. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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, rose 1.06 percent in early trade.   Continued...