CANADA STOCKS-TSX may open higher on commodity prices

Thu Oct 28, 2010 8:52am EDT
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Oct 28 (Reuters) - Canadian stocks could open higher on Thursday as corporate earnings fueled optimism and commodity prices rose on falling U.S. dollar.


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

* The Canadian dollar firmed against its U.S. counterpart on Thursday with the greenback giving back some of the gains made earlier this week as a short-covering rally fizzled and U.S. Treasury yields fell. [CAD/]

* U.S. stocks rose modestly on Thursday as the dollar slipped with investors adjusting expectations of further monetary stimulus, while data on the labor market was due later in the morning. [.N]

* European stocks were up around midday on Thursday, led by shares of telecom and oil companies after solid results from France Telecom, Royal Dutch Shell and Eni. [.EU]

* Asian stocks steadied after their biggest one-day fall in four months, while the yen held firm against a broadly weaker dollar, taking details of the Bank of Japan's stimulus plan in its stride.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.47 percent in early trade.   Continued...