CANADA STOCKS-TSX may open lower; economy fears hurt commodities

Mon Jun 6, 2011 8:25am EDT
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June 6 (Reuters) - Toronto's resource-heavy main stock index looked set to open lower on Monday after Friday's soft U.S jobs data and rekindled concerns about an economic slowdown weighed on investor sentiment and commodity prices.


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

* The S&P 500 looked set to retest its April lows after signs the economy was slowing pushed the index to its fifth week of losses, with many investors expecting the downtrend to continue. [.N]

* European stocks were down by midday, falling for the fourth consecutive session, led by banking stocks as a new bailout package for Greece failed to dissipate concerns over the euro zone debt crisis. [.EU]

* Asian markets were down with Nikkei closing at an 11-week low as speculation that Tokyo Electric Power Co could enter court-led restructuring and investors also fretting about slower global growth.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.42 percent in early trade.

* Brent crude slipped toward $115 a barrel as concern about demand ahead of a key OPEC meeting later this week weighed on the market. [O/R]   Continued...