CANADA STOCKS-TSX may open lower as oil and metals fall
TORONTO, July 6 (Reuters) - Toronto's main stock market index could open lower on Monday, as weaker commodity prices weigh on the resource-heavy market.
Second thoughts about the U.S. economy's ability to recover hit global stocks on Monday and gave the U.S. dollar a modest boost. [ID:nL697297]
U.S. stock index futures pointed to a lower open on Monday with a slide in oil prices set to weigh on energy shares and as investors remained anxious about the potential strength of the economic recovery.[ID:nN06546290]
On Friday the S&P/TSX composite index .GSPTSE closed 37.19 points, or 0.36 percent, higher at 10,283.10. For the week, it fell 1 percent.
Here is some news that could affect the market:
General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper. [ID:nL557832]
NORTEL NETWORKS NRTLQ.PK
MatlinPatterson Global Advisors, a private equity firm specialising in distressed investments, is considering leading a rescue bid for the whole of Nortel Networks, The Financial Times reported on Sunday. [ID:nN05223279] Continued...