CANADA STOCKS-TSX may open lower on global growth fears

Tue Aug 16, 2011 8:11am EDT
 
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Aug 16 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday after an unexpectedly low reading on Germany's growth data fueled investor fears that the global economy is slowing more than expected.

FACTORS TO WATCH

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

* U.S. stock index futures fell sharply after the German growth figures

* European shares fell; after Germany posted much weaker growth than expected and investors lost confidence that a meeting to discuss the euro zone sovereign debt crisis would bring significant change. [.EU]

* Asian stocks fell while the Nikkei edged up after Google's plans to buy phone maker Motorola Mobility triggered buying of some technology stocks. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.66 percent in early trade.

* Brent crude futures fell, after rising nearly $2 a day earlier, as worries about global economic growth and a stronger dollar tempered appetite for risky assets. [O/R]   Continued...