CANADA STOCKS-Commodity prices may help TSX open higher

Fri May 28, 2010 8:48am EDT
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May 28 (Reuters) - Toronto's main stock index is expected to open higher on Friday, supported by rising commodity prices and gains in global equity markets as recent fears about euro zone debt problems recede.

Wall Street also looked set to open up as beaten-down shares continue to entice investors. [.N]

European stocks rose, with pharmaceuticals among the top gainers. Asian shares posted their third straight day of gains after China's pledge to remain invested in Europe boosted confidence.

Here is some news that could affect stock prices:


Oil hit a two-week high above $75 on Friday, heading for its first weekly gain in almost a month on rallying stock markets and expectations of rising U.S. oil consumption. [O/R]


Copper hit a two-week high on Friday in a rally that encompassed equity markets, but concerns about economic growth and demand in the second half of the year were expected to cap gains. [MET/L]

GOLD RISES   Continued...