CANADA STOCKS-TSX set to open lower on weak US data

Mon Apr 9, 2012 8:42am EDT
 
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April 9 (Reuters) - Toronto's main stock index looked set to open lower on Monday after weaker-than-expected U.S. non-farm payroll data on Friday weighed on sentiment. Canada's market was closed on Friday.

FACTORS TO WATCH

* Canadian equity futures pointed to a lower open.

* U.S. stock index futures traded lower after last week's much weaker-than-expected report on U.S. job creation for March.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.52 percent in early trade.

* Oil prices fell more than $1 after Iran agreed to resume talks over its nuclear program, easing fears of a supply disruption in the Middle East.

* Gold prices rose, recovering from last week's more than 2 percent drop, after disappointing U.S. jobs data revived hopes for fresh monetary easing and a spike in Chinese inflation boosted appetite for the metal.

* Shanghai copper slipped, under pressure from a rising rate of inflation in China, but losses were limited on hopes that the world's biggest user top will go ahead with further monetary policy easing.   Continued...