TSX may open lower on global growth concerns

Tue Sep 6, 2011 8:17am EDT
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Sept 6 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday on concerns about the health of global economy, with the United States showing signs of falling into recession and the euro zone's sovereign debt crisis worsening.


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

* U.S. stock index futures fell, putting the S&P 500 on track for a third straight decline, on renewed fears the euro zone's sovereign debt crisis was worsening, and tracking a slump in European stocks.

* European shares fell for a third straight session in choppy trade, led by peripheral euro zone banks, as rising debt yields and an increasingly fractious political backdrop to the region's debt crisis spooked investors. [.EU]

* Markets in Asia were largely low, with the Nikkei average sliding 2.2 percent to a two-year closing low. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 1.27 percent in early trade.

* Brent crude oil rose above $111 per barrel as expectations of a U.S. economic stimulus outweighed fears of recession and worries over the euro zone debt crisis. [O/R]   Continued...