CANADA STOCKS-TSX set to jump at open on EU debt crisis deal

Thu Oct 27, 2011 8:49am EDT
 
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Oct 27 (Reuters) - Toronto's main stock index was set to open sharply higher on Thursday, driven by investor relief that European policymakers reached a deal aimed at halting the region's two-year old debt crisis.

The deal included a plan to leverage the bloc's rescue fund to 1 trillion euros, a 50 percent haircut for private holders of Greek debt and recapitalization of banks. [ID:nL5E7LR2LX]

FACTORS TO WATCH

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

* The Canadian dollar strengthened past parity to a one-month high against its U.S. counterpart. [CAD/]

* U.S. stock index futures rose sharply after European leaders agreed to boost the region's bailout fund. [.N]

* Financial stocks led European shares higher after EU leaders and banks struck a deal intended to draw a line under the euro zone' spiraling debt problems, setting up the market for its biggest one-month gain in more than two years. [.EU] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 1.45 percent in early trade.   Continued...