CANADA STOCKS-TSX may open firmer, helped by steady commodities

Mon May 30, 2011 8:21am EDT
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May 30 (Reuters) - Toronto's main stock index looked set to open slightly higher on Monday, helped by steady commodity prices, although Greece's debt crisis might continue to deter investors from searching for riskier assets.


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

* European stocks inched up in holiday-thinned trade, with gains limited as German utilities dropped on a government decision to shut all the country's nuclear reactors by 2022. [.EU]

* Asian markets were largely in red, but bucking the trend was Hang Seng which inched higher, helped by banking shares.


* Gold held steady, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains as a hike in margins by the Shanghai Gold Exchange kept sentiment in check. [GOL/]

* Brent crude oil fell below $115 a barrel as investors weighed a slightly firmer U.S. dollar and the prospect of increased demand from the start of the U.S. summer driving season. [O/R]

* Shanghai copper fell on technicals, European debt problems and uncertainty about the monetary policies of the United States and China, on track for a 1 percent loss in May. [MET/L]   Continued...