CANADA STOCKS-TSX may open higher on stronger commodities

Mon Jun 28, 2010 8:55am EDT
 
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June 28 (Reuters) - Toronto's main stock index could open higher on Monday as commodity prices firmed on optimism regarding a global economic recovery following the G20 summit over the weekend.

Leaders of the Group of 20 industrialized and emerging economies pledged to tackle government deficits while ensuring the global recovery stays intact, offering a potential boost to equities markets.

Mining stocks could take the spotlight after the Australian government's hopes of defusing a damaging row over its planned mining tax hit a snag when the Greens party vowed to block any attempt to water down the tax.

European shares rose, snapping a four-session losing run, with financials featuring among the gainers.

Major Asian stocks were down, with China's key stock index shedding 0.7 percent on tight liquidity conditions.

Here is some news that could affect stock prices:

OIL EASES

Oil eased below $79 a barrel on Monday, turning lower after prices touched their highest in almost eight weeks as tropical storm Alex disrupted Mexican exports and prompted some U.S. producers to evacuate platforms. [O/R]

COPPER MOVES UP   Continued...