CANADA STOCKS-TSX may open lower as commods weigh

Tue Nov 16, 2010 8:27am EST
 
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Nov 16 (Reuters) - Toronto's resource heavy index might open slightly lower on Tuesday as stronger U.S. dollar kept commodities under pressure.

FACTORS TO WATCH

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

* U.S. stock index futures fell on concerns over a possible interest rate increase in China and sovereign debt woes in Europe. [.N]

* European shares fell, on concern about Ireland's debt crisis ahead of a key meeting of euro zone finance ministers and renewed talk of China further tightening its monetary policy. [.EU]

* Asian markets fell with Nikkei losing steam after touching a five-month intraday high.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.71 percent in early trade.

* Oil fell more than $1 to below $84, weighed down by a stronger dollar and ahead of expected news of a rise in U.S. crude stockpiles. [O/R]   Continued...