TSX may open lower, weighed down by metal prices
Aug 4 (Reuters) - Toronto's main stock index looked set to open lower on Thursday with miners expected to decline along with copper and other metal prices.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a lower open.
* The Canadian dollar weakened a more than three-week low against the greenback after Japan intervened to stem the rise in the yen, boosting the U.S. dollar across the board. [CAD/]
* Wall Street equity futures fell, indicating the market may resume its downturn after snapping a seven-day losing streak ahead of a report on the labor market that will give clues on economic health. [.N]
* European shares fell further, hitting a 11-month low. Mining issues fell as the price of copper and other metals dropped on worries about the outlook for demand following recent weak economic data. [.EU]
* Asian stocks were mixed with the Nikkei coming off five-week lows after Japan intervened in currency markets to stem the yen's climb and the central bank eased monetary policy. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.50 percent in early trade. Continued...