CANADA STOCKS-TSX may open higher on euro zone action plan

Mon Sep 26, 2011 8:29am EDT
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Sept 26 (Reuters) - Toronto's main stock index looked set to open higher on Monday, buoyed by hopes of stronger action by the European Central Bank to solve the euro zone crisis and avert wider financial contagion and a global recession.


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

* U.S. stock index futures rose on hopes policymakers were putting together new measures to help ease Europe's debt crisis, though the lack of clarity on their effectiveness was expected to keep markets volatile. [.N]

* European share prices rose in choppy trade as recently hammered financial shares rebounded on hopes that governments and the European Central Bank will take action to tackle the region's debt crisis. [.EU]

* Markets in Asia were weaker, with the Nikkei sliding to its lowest close since April 2009 as it caught up with Wall Street losses after a three-day weekend. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.23 percent in early trade.

* Brent crude oil rose more than $1 per barrel, bouncing back from seven-week lows on hopes of stronger action to solve the euro zone crisis and avert wider financial contagion and global recession. [O/R]   Continued...