CANADA STOCKS-TSX to extend loss as economic worries weigh

Tue Mar 6, 2012 8:13am EST
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March 6 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday, extending Monday's lossesas renewed worries over the prospect of a recession in Europe and a slowdown in growth in resource-hungry China rattled investors.

A disorderly Greek default could leave Italy and Spain needing outside help to stop contagion spreading and cause more than 1 trillion euros of damage to the euro zone, a group representing Athens' bondholders warned.


* Canadian equity futures pointed to a lower open.

* U.S. stock index futures fell on renewed concerns that Greece and private bondholders would not meet a Thursday deadline to complete a debt swap, potentially opening the way for a messy default.

* European shares hit a one-week low morning as fresh concerns about growth in Europe and China, the world's top metals consumer, prompted investors to cut their risk exposure.


* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.45 percent in early trade.

* Brent crude futures fell more than $1 on concern about the health of the global economy.   Continued...