CANADA STOCKS-TSX set to open lower after weak U.S. jobs data

Fri Jun 3, 2011 8:53am EDT
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June 3 (Reuters) - Toronto's resource-heavy main stock index looked set to open lower on Friday after unexpectedly weak U.S. jobs data knocked commodity prices and investor sentiment lower.


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

* U.S. stock index futures tumbled sharply on Friday after government data showed the U.S. economy added far fewer jobs than expected in May. [.N]

* European shares slipped early, extending this week's sell-off on global growth worries, and with investors cautious ahead of the monthly U.S. labor report. [.EU]

* Asian stocks were mostly in red with Hong Kong shares ending the week on a bearish note, as trade was cautious on fears that China's central bank could raise interest rates during the upcoming long weekend.


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

* Brent and U.S. crude futures extended losses after the government report showed nonfarm payrolls rose much less than expected in May. [O/R]   Continued...