CANADA STOCKS-TSX may open higher; Europe hopes lift commodities

Tue Sep 27, 2011 8:21am EDT
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Sept 27 (Reuters) - Toronto's main stock index looked set to open higher on Tuesday, as commodity prices rose on optimism that fresh measures from euro zone policy makers might help prevent a global financial meltdown.


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

* U.S. stock index futures were lifted by a wave of hope that euro zone officials were working to add measures to cut Greece's debt and shore up the region's banks. [.N]

* Banking and insurance stocks led European share markets higher, fueled by hopes that European policymakers are at last putting together an action plan to tackle the euro zone debt crisis. [.EU]

* Markets in Asia were also up, with Hong Kong shares snapping a four-day losing run as the best single-day gains since May 2009. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 2.05 percent in early trade.

* Oil rose, with Brent crude up by more than $2 to exceed $106 a barrel, as fresh measures discussed by the European Central Bank curbed anxiety about European debt. [O/R]   Continued...