CANADA STOCKS-TSX may open higher on rising commodity prices

Tue Jan 11, 2011 8:29am EST
 
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Jan 11 (Reuters) - Canadian stock index futures pointed to a higher open on Tuesday led by rising commodity prices.

FACTORS TO WATCH

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

* U.S. stock index futures rose as the fourth-quarter earnings season started with a strong profit beat from Alcoa and as Europe rebounded from recent losses. [.N]

* European shares rose as Alcoa (AA.N: Quote) results boosted sentiment ahead of the European earnings season. [.EU]

* Shares in China and Hong Kong rose, with optimism over strong economic growth and corporate earnings.

* Canadian housing starts fell 13.5 percent to a seasonally adjusted 171,500 units in December [ID:nHND005519]

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.59 percent in early trade.   Continued...