TSX may open low on weak commods, U.S. data eyed

Thu Sep 1, 2011 8:09am EDT
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Sept 1 (Reuters) - Toronto's main stock index looked set to open lower on Thursday as commodity prices slipped while investors keep a close watch on U.S. labor and manufacturing data for clues on the state of the world's largest economy.

A survey showing euro zone manufacturing activity contracted for the first time in almost two years may weigh on Canadian stocks as well, fueling concern about the region's debt crises.


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

* U.S. stock index futures fell on Thursday following strong gains over the past several sessions as investors awaited labor and manufacturing data for clues on the state of the economy. [.N]

* European shares fell, snapping a three-day rally, with miners lower on weaker copper prices after Chinese export orders fell. [.EU]

* Asian markets rose with the Nikkei average above 9,000 for the first time in two weeks. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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, fell 0.36 percent in early trade.   Continued...