CANADA STOCKS-TSX set to climb as gold, commodities rise

Mon Sep 20, 2010 8:26am EDT
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Sept 20 (Reuters) - Toronto's main stock index looked set to open higher on Monday as gold hit a record high and other commodity prices gained, helped by the possibility the Federal Reserve could signal further monetary stimulus this week.


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

* U.S. stock index futures rose, looking to extend Wall Street's three-week gain as investors await the Federal Reserve's monetary meeting later in the week. [.N]

* European equities bounced back on Monday, with a jump in Suedzucker on a rise in revenue propelling food and beverage shares into the top gainers. [.EU]

* Asian markets rose while Shanghai shares slipped in thin volumes as investors trimmed positions ahead of regional holidays.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.27 percent in early trade.

* Oil edged higher towards $74 a barrel, after dropping 3.7 percent last week, as investors looked ahead to a Federal Reserve meeting and the prospect of further moves to increase money supply. [O/R]   Continued...