TSX may slip at open as commodity prices ease

Wed Jun 1, 2011 8:24am EDT
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June 1 (Reuters) - Toronto's main stock index futures pointed to a slightly lower open on Wednesday as commodity prices ease.


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

* U.S. shares were set to open slightly lower, after strong gains in the previous session, and as investors awaited further economic data to gauge the strength of recovery in the world's biggest economy. [.N]

* European stocks were steady in early trade, halting their week-long recovery rally as investors awaited key U.S. jobs data, looking for more insight on the world's biggest economy. [.EU]

* Asian shares were mixed with Hong Kong shares slipping, getting off to a weak start in June as investors took a more defensive stance, although a pick up in volumes suggested greater market participation by investors.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.06 percent in early trade.

* Oil eased slightly, but was supported by a weaker dollar, supply disruption in the United States and violence in the Middle East, countering fears of soft demand prompted by weak economic data. [O/R]   Continued...