CANADA STOCKS-TSX may open higher as EU leaders meet
Dec 16 (Reuters) - Toronto's main stock index pointed to a slightly higher open on Thursday as European Union leaders meet to tackle a year-long debt crisis that consumed Greece and Ireland and threatens to spread to Portugal and Spain.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a higher open.
* U.S. stock index futures were slightly higher as investors awaited data on jobs and housing and corporate earnings from bellwether FedEx for signs of improvement in the economy. [.N]
* European stocks reversed early losses and turned flat around midday as shares in Southern Europe dipped following Spain's bond auction. [.EU]
* Markets in Asia were largely flat.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.06 percent in early trade.
* Oil fell to around $88 a barrel as mounting concerns over the debt-crisis in the eurozone overshadowed a large drop in crude oil stocks in the United States last week. [O/R] Continued...