CANADA STOCKS-TSX may open higher on mining stocks
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.
FACTORS TO WATCH
* 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.
COMMODITY PRICE MOVES
* 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...