CANADA STOCKS-TSX may open lower, weighed by soft data, Moody's

Tue Feb 14, 2012 8:46am EST
 
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Feb 14 (Reuters) - Canadian stocks looked set to open lower on Tuesday, hurt by soft U.S. retail sales data, as well as a Moody's debt downgrade of six euro zone countries and threat to cut the ratings of others.

FACTORS TO WATCH

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

* U.S. stock index futures fell on Tuesday after data showed retail sales rose less than expected in January from December as consumers cut back on car purchases and shopped less online.

* European stocks turned positive around midday after data showed German analyst and investor sentiment rising to a level not seen since last April, eclipsing Moody's downgrade of six euro zone countries. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.05 percent in early trade.

* Oil prices held steady as better-than-expected German economic data and a successful Italian bond auction eased fears about European demand, while worries about supply disruption due to Middle East tensions continued to underpin the market.   Continued...