CANADA STOCKS-TSX may open lower on commodities

Wed Jul 7, 2010 8:52am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

July 7 (Reuters) - Toronto's main stock index could open lower on Wednesday on softer commodity prices as concerns of a sluggish recovery in the global economy persist.

Canadian equity futures pointed to a weaker start. <0#SXF:>

U.S. stock index futures also edged down, mirroring declines in international equity markets. [.N]

European shares trimmed early losses, as banking shares cut some of their declines after sources gave details on the stress tests conducted on European banks.

Asian markets were down but the Shanghai Composite closed up, lifted by machinery and manufacturing shares.

Canadian data due out on Wednesday includes the June Ivey PMI, which should offer further clues on the pace of the economic recovery. ECONCA

Here is some news that could affect stock prices:


Crude oil dipped on Wednesday, set to stretch its losing streak for the past six trading sessions, as global investors remained concerned that the world's economic growth was faltering. [O/R]   Continued...