CANADA STOCKS-TSX set to open lower after weak U.S. jobs data

Fri Jan 7, 2011 8:50am EST
 
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Jan 7 (Reuters) - Toronto's main stock index looked set to open lower on Friday after a weaker-than-expected U.S. employment report hurt investor sentiment and commodity prices, offsetting positive Canadian jobs data.

FACTORS TO WATCH

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

* U.S. stock index futures turned negative on Friday after government data showed the economy created far fewer jobs than expected in December. [.N]

* The Canadian dollar firmed to a session high against the greenback after domestic December employment data beat expectations. [CAD/]

* Japan's Nikkei average edged up to a fresh eight-month closing peak while a drop in commodity prices was offset by a strong performance in Chinese equities.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.14 percent in early trade.

* U.S. crude oil futures held gains after the U.S. jobs data. [O/R]   Continued...