TSX may open lower on euro debt concerns

Fri Nov 25, 2011 8:18am EST
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Nov 25 (Reuters) - Canadian stocks looked set to open lower on Friday as the lack of progress by European leaders on resolving the euro debt crisis and growing concern about the health of the global economy sapped investor confidence.

With no convincing progress in sight on solving the euro zone debt crisis, investors were shunning riskier assets to raise cash or cover losses.


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

* U.S. stock index futures pointed to a weaker open for equities as Wall Street returned to work after U.S. Thanksgiving Day. [.N]

* European stocks fell early, losing ground for the ninth time in 10 sessions and on track to post their biggest weekly loss in two months, dragged down by deepening worries over the health of the global economy and the euro zone debt crisis. [.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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.56 percent in early trade.

* Oil prices fell as worries about Europe's debt crisis helped send the dollar to fresh highs against the euro, outweighing the support offered by the prospect of European sanctions against Iranian crude. [O/R]   Continued...