CANADA STOCKS-TSX may open higher on U.S. earnings, Fed eyed
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.
FACTORS TO WATCH
* 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.
COMMODITY PRICE MOVES
* 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...