CANADA STOCKS-TSX may open lower after weak jobs data

Fri Aug 6, 2010 9:02am EDT
 
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Aug 6 (Reuters) - Toronto's main stock index could open lower after unexpectedly weak Canadian and U.S. jobs data raised concerns about the strength of the economic recovery.

Canadian equity futures pointed to a lower open <0#SXF:> and the Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was down 0.33 percent in early trade.

Canada's economy unexpectedly shed 9,300 jobs in July, the first month it failed to create any this year, suggesting the country's recovery from the recession is starting to cool. [ID:nN06197942]

U.S. stock index futures fell sharply on Friday after U.S. data showed a larger-than-expected drop of 131,000 in July non-farm payrolls. [.N]

Overnight, Asian markets were mixed with China's key stock index closing up 1.44 percent as higher commodities prices lifted agricultural shares.

Here is some news that could affect stock prices:

OIL EASES

Crude oil prices slipped below $82 a barrel on Friday before a report expected to show U.S. employment declined in July, as investors watch for clues to the pace of economic and energy demand recovery. [O/R]

COPPER RISES   Continued...