CANADA STOCKS-TSX may open lower on euro zone worries

Thu May 6, 2010 8:57am EDT
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May 6 (Reuters) - Toronto's main stock index could open lower on Thursday as lingering worries about Greece's debt crisis spreading to other euro zone states offset positive corporate news.

Wall Street looked set to open lower after the European Central Bank left monetary policy unchanged, disappointing investors looking to the ECB to prevent a debt crisis from engulfing the euro zone. [.N]

In Canadian earnings news, auto-parts maker Magna MGa.TO said it swung to a profit and Canada's biggest airline Air Canada ACa.TO posted a narrower loss.

In London, voting began in what is forecast to be the closest election since 1992, with the opposition Conservatives struggling to convert their opinion poll advantage into an outright majority.

Asian stocks were down with Nikkei seeing biggest percentage loss in one day since March last year as it caught up with the global selloff after a three-day holiday.

Here is some news that could affect stock prices:


Oil hovered near $80 a barrel after earlier hitting a six-week low as fears that Greece's economic crisis may spread to other European nations raised uncertainty over future global energy demand. [O/R]

COPPER STEADY   Continued...