CANADA STOCKS-TSX to open flat on euro zone concerns

Mon Apr 2, 2012 8:27am EDT
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April 2 (Reuters) - Toronto's main stock index looked set to edge higher at Monday's open, as signs of economic contraction in Europe offset strong manufacturing data out of China.


* Canadian equity futures pointed to a higher open.

* U.S. stock index futures were little changed after weak manufacturing data out of Europe raised fears about a recession in the region.

* European shares were flat, giving up early gains due to renewed nervousness about the euro zone after media reports said Germany's Bundesbank had stopped accepting the bonds of Portugal and other peripheral countries as collateral.


* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.27 percent in early trade.

* Oil slipped below $123 a barrel, following a 14 percent rise in the first quarter, as economic contraction in Europe outweighed a brighter outlook in China and global supply concerns.   Continued...