CANADA STOCKS-TSX set to open lower as commodity prices decline

Wed Jan 5, 2011 8:43am EST
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Dec 5 (Reuters) - Toronto's resource heavy stock main stock index looked set to open lower on Wednesday as commodity prices fell, hurt by profit-taking and generalized U.S. dollar strength.


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

* U.S. stock index futures fell as commodity prices dropped for a second day, pressuring global equity markets. [.N]

* European shares were lower, hit by a retreat in commodity shares ahead of the release of U.S. private sector employment expected to highlight the pace of recovery in the jobs market. [.EU]

* Asian stocks were mixed with Nikkei falling 0.2 percent.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.86 percent in early trade.

* Oil prices fell further from 27-month highs as a stronger dollar sapped investor risk appetite for commodities, despite signs of tighter oil supply fundamentals. [O/R]   Continued...