CANADA STOCKS-TSX to edge up on commodities, await EU summit

Fri Oct 21, 2011 8:32am EDT
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Oct 21 (Reuters) - Toronto's main stock index was set to open slightly higher on Friday, supported by stronger commodity prices, but investor's anxiety continued as the decision on clear steps to stem the euro zone crisis was pushed to Oct 26.

Canada's annual core inflation rate jumped in September to its highest level since December 2008 to 2.2 percent, causing traders to scale back rate cut expectations and boosting the Canadian dollar. [ID:nN1E79K02G] [CAD/]


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

* U.S. stock index futures edged higher ahead of a much anticipated European Union weekend summit on the region's debt crisis and as results from General Electric Co did little to undermine hopes for a robust earnings season. [.N]

* European shares extended gains, as investor sentiment was driven by various degree of optimism that policymakers would make progress on a solution to the euro zone debt crisis in the coming days. [.EU]

* Most Asian shares fell, with the Nikkei lower in thin trade as investors stay on sidelines. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 1.03 percent in early trade.   Continued...