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.

FACTORS TO WATCH

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

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.36 percent in early trade.   Continued...