TSX may open lower as China data weighs on commods

Thu Oct 13, 2011 8:17am EDT
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Oct 13 (Reuters) - Toronto's main stock index looked set to open lower on Thursday after a powerful rally, as worries about an economic slowdown in China pushed commodity prices lower.


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

* U.S. stock index futures fell after weaker-than-expected economic data in China reawakened global economic worry and earnings from JPMorgan Chase. [.N]

* European shares slipped in choppy trading, after recent strong gains, with mining stocks among the biggest casualties after Chinese trade data was weaker than expected. [.EU]

* Asian stocks rose on progress in euro zone rescue ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.42 percent in early trade.

* Oil slipped with Brent snapping a six-day rally, after trade data from China pointed to slower demand in the world's second-largest oil consumer. [O/R]   Continued...