CANADA STOCKS-TSX may open higher on rising commodities

Mon Dec 20, 2010 8:36am EST
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Dec 20 (Reuters) - Toronto's main stock index may open higher on Monday, buoyed by rising commodity prices, though concerns over the euro zone debt crisis could dampen sentiment.


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

* U.S. stock index futures rose as Wall Street looked to extend three weeks of gains at the start of a holiday-shortened week that is expected to bring thin trading. [.N]

* European stocks extended their gains, with a key index hitting a two-year high, led by mining stocks on the back of buoyant metal prices. [.EU]

* Asian stocks were mostly lower except India's Sensex, which rose as software majors soared to a record high on optimistic outlook for the sector.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.69 percent in early trade.

* Oil prices rose as forecasts for continued freezing temperatures in Europe and the U.S. Northeast this week looked set to boost heating fuel demand. [O/R]   Continued...