CANADA STOCKS-TSX set for lower open on Fed comments, weaker oil

Wed Apr 4, 2012 8:45am EDT
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April 4 (Reuters) - Commodity prices are seen dragging Toronto stocks lower at the open on Wednesday, after the Federal Reserve toned down expectations for further stimulus, though stronger-than-expected U.S. ADP employment data helped offset some of the negative tone.


* Canadian equity futures pointed to a lower open.

* U.S. stock index futures slightly pared losses after ADP employment data showed private sector employment grew by 209,000 jobs, just above Wall Street expectations.

* Europe's top shares fell as economic data out of Europe fueled recession fears and flagging demand for Spanish government bonds gave bearish investors the incentive to bank recent profits.


* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.96 percent in early trade.   Continued...