CANADA STOCKS-TSX may edge up on EU rescue fund guidelines

Thu Oct 20, 2011 8:43am EDT
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Oct 20 (Reuters) - Toronto's main stock index was set to open slightly higher on Thursday after a guidelines document on euro zone rescue fund provided some clarity to traders, but falling commodity prices could cap gains.


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

* Stock index futures rose as investors looking for an earnings season rally maintained interest in the market after a sharp fall the previous session, but concerns over Europe's debt crisis capped gains. [.N]

* European stocks trimmed losses in early afternoon trade after a plan outlining how the euro zone's rescue fund will be able to intervene in bond markets to ease the region's debt crisis reassured jittery investors. [.EU]

* Asian stocks fell with Hang Seng and Nikkei down more than a percent as some investors cut holdings ahead of the EU Summit on Sunday. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.12 percent in early trade.

* Oil rose a dollar to around $109 a barrel after European officials unveiled plans to tackle the euro zone debt crisis through bond buying, whilst tight supply continued to underpin. [O/R]   Continued...