CANADA STOCKS-TSX set to rise at open as commodities climb
Oct 25 (Reuters) - Toronto's resource-heavy main stock index looked set to opener higher on Monday as commodities, which are largely priced in U.S. dollars, surged on broadbased weakness in the greenback.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a higher open.
* Wall Street is expected to start higher after encouraging earnings in the previous week gave a positive momentum to the investors. [.N]
* European shares edged higher, led by miners on stronger metals prices, after a Group of 20 agreement failed to stop the trend of a weaker dollar. [.EU]
* Markets in Asia were mostly high, but Nikkei average fell 0.3 percent as the yen reached a 15-year high.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.99 percent in early trade.
* Oil jumped by a dollar towards $83 a barrel, gaining for a second session as the U.S. currency weakened after a Group of 20 meeting. [O/R] Continued...