CANADA STOCKS-TSX may open higher on mining stocks

Mon Aug 23, 2010 8:30am EDT
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Aug 23 (Reuters) - Toronto's main stock index could open higher on Monday, led by mining stocks, on optimism that Australia's inconclusive weekend elections could spell the end to a controversial tax.


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

* U.S. stock index futures rose on Monday, following two weeks of losses for the S&P and Dow, as sentiment was lifted by several potential mergers and deals. [.N]

* European shares rose with miners and financials among the gainers.

* Asian stocks steadied, underpinned by a rally in Southeast Asian stocks that drove Jakarta to a record peak as foreign investors keep chasing its surprisingly strong growth momentum.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.30 percent in early trade.

* Oil rebounded to top $74 a barrel on Monday on a weaker dollar, but prices stayed close to last week's six-week lows on bulging U.S. inventories and a lack of hurricane activity in the Gulf of Mexico. [O/R]   Continued...