CANADA STOCKS-TSX may open higher on strong results, commodities

Tue Jul 27, 2010 8:53am EDT
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July 27 (Reuters) - Toronto's resource-heavy index could open higher Tuesday on strong corporate results from Talisman Energy Inc TLM.TO and strength in commodity prices.

Canadian equity futures pointed to a higher open. <0#SXF:>. while the Reuters-Jefferies CRB index .CRB, a global commodities benchmark, also rose 0.29 percent in early trade.

Wall Street is also poised for a higher start ahead of housing and consumer sentiment data. [.N]

European shares hit a five-week intraday high, with banks buoyed by stronger-than-expected results from UBS UBSN.VX and as the Basel Committee said they will scale back many of the proposals to beef up bank capital and liquidity rules. Less strigent capital rules could boost bank profits.

China's key stock index down as investors booked profits after six straight sessions of gains, wary about whether the battered market can make a sustained break higher.

Here is some news that could affect stock prices:


Oil prices were steady near $79 a barrel on Tuesday as the fading Tropical Depression Bonnie brought more output back online in the Gulf of Mexico, dampening otherwise buoyant sentiment following positive U.S. macroeconomic data. [O/R]

COPPER FALLS   Continued...