CANADA STOCKS-TSX may open higher; Greek hopes lift sentiment

Tue Sep 20, 2011 8:20am EDT
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Sept 20 (Reuters) - Toronto's main stock index looked set to open slightly higher on Tuesday, buoyed by hopes that Athens might clinch a deal for more bailout funds.

Optimism a deal could be reached helped offset negative reaction to Standard & Poor's downgrading of Italian debt. European shares were up strongly and the euro recovered from earlier losses. [MKTS/GLOB]


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

* U.S. stock index futures rose a day after a week-long rally was halted as investors waited to see if the Federal Reserve's policy-setting panel offers aid to a sputtering U.S. economy. [.N]

* European shares were higher on short-covering after the previous session's sharp losses. [.EU]

* Asian markets were mixed, with the Nikkei falling on fears about the euro zone's debt turmoil. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.62 percent in early trade.   Continued...