TSX may open lower on weak commodity prices
Oct 31 (Reuters) - Toronto's main stock index looked set to open lower on Monday, hurt by falling commodity prices, after Japan's intervention in the currency market triggered a spike in the U.S dollar.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a lower open.
* U.S. stock index futures fell in lackluster volume, following four weeks of equities gains, as a spike in the U.S. dollar weighed on commodity prices and bids on riskier assets dried up. [.N]
* European shares fell early as banks gave up some of last week's strong gains, and with miners hurt by falling metals prices after Japan intervened to stem the yen's rise against the dollar. [.EU] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.63 percent in early trade.
* Oil prices eased lower, with Brent slipping below $110, as the dollar rose against the yen following the Japanese intervention [O/R]
* Gold fell by more than 1 percent, following its strongest weekly performance in a month, after Japan's intervention in the currency market triggered a spike in the dollar, which was already benefiting from ongoing concern about the euro zone. [GOL/] Continued...