TSX may open lower on global growth concerns

Tue Aug 2, 2011 8:11am EDT
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Aug 2 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday, with mining shares likely to drop on worries about the global economic recovery coupled with concerns over the euro zone debt crisis.


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

* Wall Street equity futures were lower as a last-minute congressional deal to raise the U.S. debt ceiling failed to assuage investor concerns about a possible credit rating downgrade. [.N]

* European shares fell for a third straight session to hit a 10-month low as bleak U.S. manufacturing data raised concerns about the health of the global economy, while charts pointed to further weakness for major equity indexes. [.EU]

* Asian stocks were down with the Nikkei falling 1.2 percent, although the heightened risk of intervention in currency markets by Japanese authorities lent support. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

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* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.19 percent in early trade.   Continued...