CANADA STOCKS-TSX to open flat on Ireland worries

Wed Nov 24, 2010 8:31am EST
 
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Nov 24 (Reuters) - Toronto's main stock index looked set to open little changed despite uncertainty over Ireland's plans to tackle its debts and fears the crisis could spread to other peripheral euro zone countries.

FACTORS TO WATCH

* Canadian equity futures <0#SXF:> point to a flat open.

* U.S. stock index futures edged higher as Wall Street looked to shift focus away from tensions on the Korean peninsula and European debt worries to U.S. data. [.N]

* European shares were higher, boosted by strong German business sentiment data. Trade was choppy amid concerns about Ireland's debt crisis and political tension in Korea. [.EU]

* Asian stocks were mixed. The Nikkei fell after Tuesday's North Korea's shelling of a South Korean island and China and Hong Kong rebounded from multi-week lows on lower volumes as investors bought beaten down stocks such as bank- and commodity-related counters.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.30 percent in early trade.

* Oil edged above $81 a barrel, rising from a near week's low on expectations of falling U.S. inventories. [O/R]   Continued...