CANADA STOCKS-TSX may open lower on broad economic concerns

Wed Aug 24, 2011 8:18am EDT
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Aug 24 (Reuters) - Toronto's main stock index looked set to open lower on Wednesday after Moody's downgraded Japan's sovereign debt and concerns over the health of the global economy kept investors sensitive to risk.


* Canadian equity futures <0#SXF:> pointed to a lower open.

* U.S. stock index futures were lower following a sharp rally on Tuesday. [.N]

* European markets were slightly higher, helped by hopes that the United States would launch a new round of economic stimulus. But mixed corporate results and a poor macroeconomic outlook weighed on sentiment. [.EU]

* Markets in Asia were down, with the Nikkei falling 1 percent after Moody's downgrade spurred some foreign investors to take profits, erasing intraday gains. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.04 percent in early trade.

* Oil was near $109 a barrel as supply disruptions balanced against demand worries, and caution stalled investors ahead of U.S. Federal Reserve chairman Ben Bernanke's speech at the end of the week. [O/R]   Continued...