CANADA STOCKS- TSX may open higher as oil, commodities rise

Wed Dec 22, 2010 8:37am EST
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Dec 22 (Reuters) - Toronto's main stock index could open slightly higher on Wednesday, supported by higher oil, gold and copper prices.


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

* U.S. stock index futures were little changed after fours days of gains drove the S&P 500 to new highs near levels reached just before Lehman Brothers went bankrupt two years ago. [.N]

* European shares edged up. ARM Holdings ARM.L led gains in technology shares on reports Microsoft (MSFT.O: Quote) plans to unveil software that runs on its processors.

* Asian stocks were mixed with Japan's Nikkei dipping as downbeat comments by the prime minister on the economy prompted investors to adjust positions around new levels.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.01 percent in early trade.

* Oil prices rose to their highest over the past two years supported by data showing a drop in U.S. oil and gasoline inventories, cold weather and a weaker dollar. [O/R]   Continued...