CANADA STOCKS-TSX may open higher on rising oil, gold prices

Mon Mar 21, 2011 8:25am EDT
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March 21 (Reuters) - Toronto's main stock index looked set to open higher on Monday with oil and gold prices gaining after Western forces launched a second wave of air strikes on Libya and as unrest proliferated in the Middle East.


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

* U.S. stock index futures indicated a Wall Street rise of about 1 percent at the open after last week's sell-off as investors welcomed a deal by AT&T to buy the T-Mobile business from Deutsche Telekom. [.N]

* European shares gained after investor confidence rose on signs the situation at Japan's nuclear plant was improving, with telecoms lifted by Deutsche Telekom's DTEGn.DE sale of T-Mobile USA to AT&T. [.EU]

* Asian stocks rose on bargain hunting after heavy losses last week and investors shrugged off Beijing's latest tightening move.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.97 percent in early trade.

* Oil prices rose by $2 a barrel as a wave of U.N.-mandated airstrikes on Libya and proliferating unrest in the Middle East fanned concerns about oil supply from the region. [O/R]   Continued...