CANADA STOCKS-TSX may open higher on Bank of Montreal results
May 26 (Reuters) - Toronto's main stock index is expected to open higher on Wednesday after Bank of Montreal, Canada's fourth-largest bank, said profit doubled and as commodity prices rose.
Wall Street is also poised for a higher open, a day after markets clawed back from a steep sell-off and as U.S. Treasury Secretary Timothy Geithner flew to Europe to press for united action to tackle the region's deepening debt crisis. [.N]
European equities bounced back from nine-month lows in the previous session, with financials and miners among the top gainers.
Asian stocks rallied from nine-month lows.
Here is some news that could affect stock prices:
BANK OF MONTREAL PROFIT DOUBLES
Bank of Montreal (BMO.TO: Quote) said on Wednesday profit doubled in the second quarter as wealth management and capital markets surged and the bank set aside less money to cover bad loans. [ID:nN25146871]
Oil rose by almost 3 percent on Wednesday to climb back above $70 a barrel after a U.S. industry report showed a steep drop in gasoline stockpiles in the world's largest energy consumer. [O/R] Continued...