CANADA STOCKS-TSX may open higher supported by commodities

Mon Jul 22, 2013 8:28am EDT
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July 22 (Reuters) - Canada's main stock index looked set to open higher on Monday, buoyed by rising commodities as U.S. oil prices extended gains against Brent and gold jumped to a one-month high, breaking above $1300 an ounce.


* Japanese Prime Minister Shinzo Abe, fresh from a strong election victory, vowed to stay focused on reviving the stagnant economy and sought to counter suspicions he might instead shift emphasis to his nationalist agenda.

* Beijing's move to scrap the floor on lending rates is not yet a game-changer for Chinese banks, but it may have just started the countdown to an eventual industry overhaul which will deprive the banks of virtually risk-free profits.

* Halliburton reported a decline in quarterly profit but said it had more headway outside its home U.S. market, which has been turned upside down by a natural gas glut.

* UBS said its second-quarter profit beat forecasts, even after an 835 million Swiss franc charge to settle a U.S. lawsuit and other matters, and that its flagship private bank was continuing to win new customers.


* Canada stock futures traded up 0.16 percent   Continued...