CANADA STOCKS-TSX set to open lower as commodity prices fall

Tue Sep 18, 2012 8:37am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Sept 18 (Reuters) - Canadian stock index futures pointed to a lower open on Tuesday, as a fall in commodity prices and uncertainty about Spain's desire for an international aid package weighed on investor sentiment.


* Spain easily sold 4.6 billion euros of short-term debt but uncertainty over whether the country will apply for an aid program and trigger a European Central Bank bond-buying program kept yields at a high level.

* European car sales fell 8.5 percent in August, for an 11th straight monthly decline, as Ford, General Motors, Fiat and mid-market brands bore the brunt of the slump in markets including Italy, France and Germany.

* German investor morale improves after ECB bond move: German analyst and investor morale picked up in September after the European Central Bank announced it was willing to buy the bonds of struggling euro zone states, suggesting the slowdown in Europe's largest economy will be moderate.

* UK inflation dips in Aug despite higher fuel costs: British inflation ticked down in August despite a rise in oil and fuel costs, data showed, providing the Bank of England with more leeway to inject additional cash into the fragile economy.


* Canada stock futures traded down 0.06 percent   Continued...