September 28, 2010 / 12:39 PM / 7 years ago

CANADA STOCKS-TSX may open slightly higher, U.S. data eyed

 Sept 28 (Reuters) - Toronto's main stock index looked set
to open slightly higher on Tuesday, in line with U.S. equities,
with traders focused on key U.S. economic data, including a
report on consumer confidence released later in the morning.
 * Canadian equity futures <0#SXF:> pointed to a higher
 * U.S. stock index futures edged higher as traders looked
ahead to key economic data in another test for the improving
recovery theory that has driven stocks sharply higher this
month. [.N] ECONUS
 * European shares edged lower, with French tyremaker
Michelin MICP.PA down after it unveiled a rights issue,
although losses were limited on talk the ECB was buying
peripheral euro zone government bonds. [.EU]
 * Stocks in Asia were also down with the Nikkei closing
lower 1.1 percent as the deadline passed for investors to
receive dividends on stocks for the financial first half year.
 * The Thomson Reuters-Jefferies CRB index .CRB, a global
commodities benchmark, fell 0.27 percent in early trade.
 * Oil fell to below $76 a barrel ahead of U.S. reports
expected to show fuel stockpiles rose in the world's top
oil-consuming nation last week. [O/R]
 * Gold fell as a recovery in the U.S. dollar weighed and as
investors took profits after bidding the metal up to a record
$1,300 an ounce in the previous session. [GOL/]
 * Copper slipped as the stronger dollar prompted a flurry
of profit-taking, but strong fundamentals are expected to
underpin prices as the market waits for key data from the
manufacturing sector. [MET/L]
 * Research In Motion RIM.TO: The company unveiled a
tablet computer "BlackBerry PlayBook" aimed at its core
business customers as it tries to gain a foothold in a
fast-growing market dominated by Apple's consumer-friendly
iPad. [ID:nN27231916]
 * Enbridge Inc. ENB.TO: The company resumed pumping crude
through its Line 6B pipeline on Monday, nine weeks after it
ruptured in Michigan, fouling a river system and cutting oil
supplies to U.S. and Canadian refiners. [ID:nN27242332]
 * Intermap Technologies Corp IMP.TO: The 3D map maker on
Tuesday said it further slashed 17 percent of its total
workforce to cut costs. [ID:nSGE68R0GS]
 * Guyana Goldfields Inc. GUY.TO: The junior gold explorer
said on Tuesday it received environmental approval for its
flagship Aurora Gold project in northern Guyana.
 Following is a summary of research actions on Canadian
companies reported by Reuters. [RCH/CA]
 * North Peace Energy NPE.V price target raised to C$0.25
from C$0.20; rating market perform at Raymond James
 ($1=$1.03 Canadian)
 (Reporting by Bangalore newsroom; Editing by Jeffrey Hodgson)

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