TSX may open down on global economy, debt concerns

Wed Nov 23, 2011 8:53am EST
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(Reuters) - Canadian stocks looked set to open lower on Wednesday as poor data from China heightened concerns over global growth, while a disappointing German bond sale increased investor uncertainty.


* Canadian equity futures pointed to a lower open.

* U.S. stock index futures were lower as worries over Europe once again weighed on investor sentiment, putting the S&P 500 on track for a sixth day of losses. .N

* European stocks fell, with a blue-chip index down for the fifth session in a row, as poor demand at a German government bond sale spurred fears the euro zone debt crisis was spreading to its strongest economy. .EU


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 1.03 percent in early trade.

* Oil fell, dented by weak economic data in China and the United States, while euro zone debt worries and sluggish growth also kept investors wary of holding demand sensitive commodities.

* Gold fell in line with a drop in the euro, which came under pressure as investor anxiety deepened over the European debt crisis, prompting the resulting rise in the U.S. dollar to mitigate the impact of safe-haven bullion buying.   Continued...