CANADA STOCKS-TSX to open low as firm oil threatens growth

Mon Feb 27, 2012 8:10am EST
 
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Feb 27 (Reuters) - Canada's resource heavy index looked set to open lower on Monday, as recent high oil prices added to worries about company earnings and global growth. G20 ministers asked Europe to commit more money to fight the debt crisis before seeking their help.

FACTORS TO WATCH

* Canadian equity futures pointed to a lower open.

* US stock index futures pointed to a lower open, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.1 to 0.5 percent.

* European shares fell as investors worried about high oil prices hurting company earnings and global growth.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.27 percent in early trade.

* Oil fell more than $1, taking North Sea Brent below $124 per barrel, after a week of gains pushed oil to 10-month highs on worries over disruptions to Middle East oil supplies.

* Gold prices fell 1 percent, in line with the euro, stocks and other commodities, as worries over the euro zone debt crisis and the impact of high crude oil prices on economies fuelled risk aversion.   Continued...