CANADA STOCKS-TSX may open higher on U.S. earnings, Fed eyed

Wed Apr 27, 2011 8:40am EDT
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April 27 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday, buoyed by strong North American corporate results and higher prices for some commodities, including oil.


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

* U.S. stocks index futures rose as investors bet the Federal Reserve would indicate more of the same easy monetary policy and anticipated more forecast-beating earnings. [.N]

* European stocks inched higher, gaining ground for the fifth straight session as investors focused on strong results from bellwethers such as Ericsson and Renault. [.EU]

* Asian stocks were mixed with Tokyo stocks gaining 1.4 percent after a batch of Japanese and U.S. corporate earnings came in better than expected and Indian shares closing lower amid subdued world equities.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.17 percent in early trade.

* Oil edged higher as support from a weaker dollar countered rising U.S. inventories [O/R]   Continued...