CANADA STOCKS-TSX may open lower, China trade data weighs

Mon Mar 10, 2014 8:38am EDT
 
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March 10 (Reuters) - Canada's key stock index looked set to drop on Monday as surprisingly weak Chinese trade data rattled investors.

TOP STORIES

* World stocks paused near a six-year peak and commodities from copper to crude tumbled on Monday as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine.

* China's exports unexpectedly tumbled in February, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy despite the Lunar New Year holidays being blamed for the slide.

* Germany's Angela Merkel delivered a rebuke to President Vladimir Putin on Sunday, telling him that a planned Moscow-backed referendum on whether Crimea should join Russia was illegal and violated Ukraine's constitution.

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