CANADA STOCKS-TSX may open lower, tracking commodity markets
May 7 (Reuters) - Canada's main stock index looked set to open slightly lower, in line with weaker commodity markets, as investors await a slew of Chinese economic data later in the week.
TOP STORIES * German industrial orders rose again in March, confounding expectations for a drop after strong demand from the euro zone provided a boost, the Economy Ministry said, adding that the sector was slowly pulling out of a weak phase. * HSBC reported a near doubling in first quarter earnings, demonstrating the benefits of a three-year restructuring, cost cuts and a big drop in bad debt charges. * Husky Energy Inc reported a 9 percent drop in first-quarter profit due to lower crude prices. * Westjet Airlines Ltd said it expects revenue per available seat mile to decline in the second quarter, hurt by the timing of the Easter and Passover holidays and cancellation of some business by travel agency Thomas Cook. * Anadarko Petroleum Corp reported quarterly results that topped Wall Street expectations as it produced a record amount of oil and gas.
* Canada stock futures traded down 0.13 percent
* U.S. stock futures , , were up around 0.16 percent to 0.24 percent
* European shares, were up
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 289.6455; fell 0.32 percent
* Gold futures : $1,464; fell 0.28 percent Continued...