CANADA STOCKS-TSX may edge up on firm oil, gold; RIM to weigh

Fri Mar 25, 2011 8:33am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

March 25 (Reuters) - Toronto's main stock index looked set to edge higher on Friday with oil and gold prices steady, but BlackBerry maker Research In Motion RIM.TO was expected to drag on the market after warning its earnings would slip.


* Research In Motion RIM.TO: The Blackberry maker on Thursday warned its earnings would slip as it spends heavily on the launch of its PlayBook tablet. [ID:nN24175647]

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

* U.S. stock index futures rose, supported by technology shares after Oracle gave an upbeat forecast. [.N]

* European shares climbed to two-week highs as tech stocks gained on Oracle's upbeat view on spending, though persistent worries about the euro zone debt situation limited gains. [.EU]

* Asian markets rose, with Nikkei average up more than a percent, to round off a week of gains as foreign investors scooped up battered shares.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.13 percent in early trade.   Continued...