CANADA STOCKS-TSX may open higher, led by mining shares
June 10 (Reuters) - Toronto's main stock index could open higher on Thursday, led by mining shares, after China reported a surge in exports, lifting the demand outlook.
Data released on Thursday morning offered a mixed reading on the Canadian economy. Canada recorded a smaller-than-execpted trade surplus in April as the value of both exports and imports fell. Statistics Canada also reported that new home prices in Canada rose for the 10th consecutive month.
Stocks in Europe rose after the European Central Bank and the Bank of England kept their main interest rates unchanged, as widely expected, and as the head of China's national pension fund said the euro would weather Europe's debt crisis.
Here is some news that could affect stock prices:
Oil climbed above $74 per barrel on Thursday after Chinese data showed a surge in exports in May and as the IEA revised up its estimate of global oil demand growth for this year. [O/R]
Copper steadied on Thursday supported by a stronger euro and equity markets while a drop in copper imports from China, the world's top consumer, capped further gains. [MET/L]
GOLD DIPS Continued...