CANADA STOCKS-TSX may open higher as commodity prices rise

Fri Aug 27, 2010 8:53am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Aug 27 (Reuters) - Toronto's main stock index looked set to open higher on Friday, boosted by a rise in commodity prices and U.S. economic growth data that came in better than expectations.


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

* U.S. stock index futures extended gains on Friday after data showed U.S. gross domestic product for the second quarter was revised lower, but the figure was better than anticipated. [.N]

* U.S. Federal Reserve Chairman Ben Bernanke delivers a speech that is expected to shed light on whether the Fed will support the economy with fresh injections of cash. [ID:nN27251934]

* European stocks were flat, with telecoms and utilities among the gainers.

* Asian stocks pared declines but still rounded off a week of losses.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.41 percent in early trade.   Continued...