CANADA STOCKS-TSX set to open lower on weak China import data

Tue Apr 10, 2012 8:37am EDT
 
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April 10 (Reuters) - Canada's resource heavy main stock index looked set to open lower on Tuesday, as commodities slipped on weaker Chinese import data, raising concerns about the impact of slowing demand on a fragile global economy.

FACTORS TO WATCH

* Canadian equity futures pointed to a lower open.

* U.S. stock index futures edged up as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.

* Shares in Europe's biggest companies fell, reacting to poor U.S. jobs numbers released over the holiday weekend and resurgent concerns about the euro zone's debt crisis ahead of the U.S. corporate earnings season.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.06 percent in early trade.

* Oil slipped below $122 as soft Chinese import data raised concerns about oil demand growth in the world's second-biggest consumer.   Continued...