CANADA STOCKS-TSX may open little changed; commodity prices dip

Wed Dec 8, 2010 8:49am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Dec 8 (Reuters) - Toronto's resource-heavy main stock index, which touched its strongest level in two years on Tuesday, looked set to open little changed on Wednesday as commodity prices retreated from recent highs.


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

* U.S. stock index futures were little changed, pressured by rising bond yields and a stronger dollar. [.N]

* European shares rose slightly by midday, with a major index holding above a key technical level, as gains in insurers more than offset falls in heavyweight miners as the dollar edged up. [.EU]

* Markets in Asia were largely lower but Nikkei ended 0.9 percent higher as stronger dollar encouraged buying.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.27 percent in early trade.

* Oil fell for a second day as a spike in U.S. Treasury yields boosted the dollar while a report showed a larger-than-expected increase in U.S. gasoline stockpiles. [O/R]   Continued...