CANADA STOCKS-TSX may open lower on broad economic concerns

Wed Aug 24, 2011 8:18am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

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.

FACTORS TO WATCH

* 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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* 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...