CANADA STOCKS-TSX may open higher as commodity prices leap

Wed Apr 20, 2011 8:39am EDT
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April 20 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday, with a jump in oil, gold and other commodity prices expected boost the resource heavy market.


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

* The Canadian dollar rose to its highest since mid-November 2007 against the greenback on renewed demand for carry trades, higher commodity prices and above-forecast inflation in Canada. [CAD/]

* U.S. stock index futures climbed after solid earnings and outlooks from major technology companies renewed optimism over the economic recovery. [.N]

* European shares gained, with technology stocks buoyed by strong results from U.S. chip maker Intel INTC.O ahead of Nokia's NOK1V.HE earnings on Thursday. [.EU]

* Asian shares rose after encouraging corporate earnings from U.S. bellwethers prompted investors to scoop up beaten down large caps.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.77 percent in early trade.   Continued...