CANADA STOCKS-TSX may open higher on euro zone optimism
Nov 29 (Reuters) - Canada's main stock index looked set to open higher on Tuesday, building on gains from the previous session, as news from Europe continued to dominate markets.
Hopes that euro zone policymakers are to agree on the details of bolstering their bailout fund helped offset a batch of bearish ratings from agencies that signaled possible downgrades to France's top-notch rating and to subordinated debt of 87 European banks. [ID:nL4E7MT03T]
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a higher open.
* U.S. stock index futures rose on investor relief over a well-received Italian bond auction that showed the highly indebted country still had access to capital markets. [.N]
* European shares rose as short-term traders helped boost the market following good demand at an Italian bond auction despite soaring borrowing costs, while BASF rose after lifting its sales target. [.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 0.01 percent in early trade.
* Oil pushed above $110 a barrel after Italy successfully completed a closely-watched bond auction, which boosted investor confidence, lifting European stocks and the euro to a session high. [O/R] Continued...