TSX may open lower as China weighs on commodities

Tue Oct 18, 2011 8:34am EDT
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Oct 18 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday as worries about slowing Chinese economy dragged commodity prices down.


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

* S&P 500 stock index futures eased modestly after a Moody's warning on France's credit rating and a slowdown in China's growth revived concerns over a worsening debt crisis in Europe and a hard landing for Asian economies. [.N]

* European shares fell, with miners among the biggest casualties after China, the world's largest metal-consuming nation, reported lower growth rates, while French stocks underperformed after a warning from Moody's about the country's credit rating. [.EU]

* Asian and Australian shares fell, as resource stocks tumbled on renewed worries about the global economy. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.8 percent in early trade.

* Brent crude futures slid below $110 a barrel, paring earlier gains, after weaker Chinese third-quarter economic growth prompted concern about future demand from the world's second-largest oil consumer and as Moody's warned France of a negative outlook. [O/R]   Continued...