CANADA STOCKS-TSX may open higher, helped by euro zone action

Wed Sep 28, 2011 8:22am EDT
 
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Sept 28 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday after the European Union confirmed negotiators would return to Greece this week to discuss issuing its next tranche of aid, which might encourage investors to commit bolder market bets.

FACTORS TO WATCH

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

* U.S. stock index futures rose, indicating stocks will climb for a fourth straight session as investors remained encouraged by progress toward plans to ease the euro zone's debt woes. [.N]

* European shares briefly turned positive in choppy trade, with mounting uncertainties over the ways to resolve the euro zone debt crisis prompting investors to buy defensive equities such as healthcare and food and beverages. [.EU] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* The Thomson Reuters/Jefferies CRB index .CRB, a global commodities benchmark, fell 0.55 percent in early trade.

* Brent crude dipped as worries about details of a euro zone debt bailout fund prompted investor caution after a sharp gain the previous session. [O/R]

* Gold prices traded at a $100 premium to platinum after hitting parity with the white metal for the first time in 2-1/2 years last month, as concerns over the economic outlook hurt industrial precious metals while lifting bullion. [GOL/]   Continued...