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.


* 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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* 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...