CANADA STOCKS-TSX may open lower on soft commodities, weak data

Wed Oct 6, 2010 8:45am EDT
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Oct 6 (Reuters) - Toronto's main stock index looked set to open weaker on Wednesday, hurt by a dip in many commodity prices and data showing U.S. private employers unexpectedly cut jobs in September.


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

* U.S. stock index futures pared gains sharply after the ADP jobs report showed a surprise loss in private sector jobs in September.[.N]

* European shares extended gains for a second straight session, with investors returning to equities on hopes that central banks will do more to boost struggling economies, while strong metals prices boosted miners.[.EU]

* Asian markets rose with the Nikkei gaining 1.8 percent to a two-month closing high while Hong Kong stocks rose an 11-month high in heavy trade.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.12 percent in early trade.

* Crude oil retreated from a five-month high of $83.33 a barrel reached earlier on Wednesday, because of nervousness ahead of the release of U.S. inventory data at 1430 GMT. [O/R]   Continued...