CANADA STOCKS-TSX set to open little changed, commodities weigh

Wed May 4, 2011 8:40am EDT
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May 4 (Reuters) - Toronto's main stock index looked set to open little changed on Wednesday, with softer prices for commodities including oil, copper, gold and silver weighing on the market.


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

* U.S. stock index futures edged lower as investors awaited data on the services industry and labor market for insight into the health of the economic recovery. [.N]

* European stocks extended their losses around midday in a broad retreat led by mining and energy stocks, eclipsing robust results from BNP Paribas (BNPP.PA: Quote). [.EU]

* Markets in Asia were largely in the red, with Indian shares provisionally closing 0.4 percent lower on concerns the central bank may continue to raise rates aggressively as it tries to tame inflation.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.60 percent in early trade.

* Crude oil futures slipped in volatile trade ahead of the release of weekly U.S. oil inventory data expecting to show an increase in crude stockpiles later in the day. [O/R]   Continued...