CANADA STOCKS-TSX may fall on renewed eurozone concern
TORONTO Feb 4 (Reuters) - Toronto's main stock market index may fall at the open, following sentiment that has knocked down overseas and U.S. stock index futures, as concerns about sovereign debt in some euro zone countries picked up.
Greece's fiscal troubles have sparked renewed financial market concern about the sustainability of public finances in peripheral euro zone countries after the global economic downturn sparked surges in public debt and budget deficits that compound long-running problems. [ID:nEUROPEAND]
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 0.16 pct to 11,390.46 on Wednesday as investors grew cautious after two straight sessions of gains and a stronger greenback pressured commodity prices.
Here is some of the news that may affect the market.
BCE Inc BCE.TO reported a fourth-quarter profit, reversing a loss in the year-earlier period, when Canada's biggest communications company recorded a large restructuring charge. [ID:nN03163570]
Gold prices retreated toward $1,100 an ounce in Europe, as the U.S. dollar rose to a seven-month high versus the euro on concerns over debt problems in euro zone economies Greece, Spain and Portugal. [GOL/]
Oil fell towards $76 a barrel as rising crude inventories in the United States signaled a rebound in U.S. economic activity was failing to translate into higher demand. [O/R] Continued...