CANADA STOCKS-TSX may open lower on global growth worry

Thu Aug 18, 2011 8:25am EDT
 
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Aug 18 (Reuters) - Toronto's main stock index looked set to open lower on Thursday as commodity prices declined on heightened worries about sluggish global economic recovery, prompting investors to cut exposure to riskier assets.

FACTORS TO WATCH

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

* U.S. stock index futures sank as a gloomy forecast on global growth and worries about the European debt crisis shook up investors ahead of data on jobless claims and consumer prices. [.N]

* European shares extended losses, with Germany's DAX falling about 4 percent. [.EU]

* Japan's Nikkei fell for a second straight day and dropped below the closely watched 9,000 line, hurt by the yen's persistent strength and fears the United States might be heading for another recession. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 1.02 percent in early trade.

* Brent crude fell to below $110, dropping from two-week highs, with worries about euro zone debt problems and slower global growth outlook pressing on prices. [O/R]   Continued...