CANADA STOCKS-TSX may open higher on strong commodity prices

Thu Jul 29, 2010 9:08am EDT
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July 29 (Reuters) - Toronto's main stock index could open higher on Thursday on firm commodity prices and a slew of solid financial results from gold and energy producers.

Canadian equity futures pointed to a higher open. <0#SXF:>. The Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was up 0.10 percent in early trade.

Wall Street is also set for a higher open ahead of weekly jobs data. [.N]

European shares rose, led by strong company results from AstraZeneca and Capgemini. Asian stocks edged up towards a three-month high, while Nikkei fell on profit-taking.

Here is some news that could affect stock prices:


Oil was steady at around $77 on Thursday after falling the previous day on weak durable goods data and the biggest weekly increase in crude inventories for nearly two years in the United States. [O/R]


Copper prices rose more than 1 percent on Thursday as gains in global equities and a weaker dollar re-ignited risk appetite and overshadowed recent worries over the U.S. economic recovery. [MET/L]   Continued...