CANADA STOCKS-TSX may open down; soft commodities offset TMX bid
TORONTO Feb 9 (Reuters) - Canadian stocks looked set to open weaker on Wednesday as the impact of the London Stock Exchange's surprise bid to buy TMX Group (X.TO: Quote) was more than offset by soft commodity prices and weak global equity markets.
FACTORS TO WATCH
* TMX Group: The company which is in advanced talks to be taken over by the London Stock Exchange swung to a fourth-quarter profit from a year-ago loss on the back of higher revenue from trading, issuer and information services. [ID:nN08113519]
Separately, the London Stock Exchange is to buy TMX stock exchange operator to create the world's fourth-largest trading centre and claw back some of the market share it has lost in recent years. [ID:nLDE71808S]
* Canadian equity futures <0#SXF:> pointed to a lower open.
* U.S. stock index futures fell a day after the Dow posted its seventh consecutive advance in weak trading volume that could signal the rally is wilting. [.N]
* European shares edged lower from 29-month highs earlier this week, with a number of big stocks trading ex-dividend offsetting a wave of upbeat earnings news. [.EU]
* Chinese shares fell, a day after the central bank raised interest rates for the second time in just over six weeks, with commodity-related and financial firms leading the selloff. Nikkei was also down 0.17 percent on profit-taking.
COMMODITY PRICE MOVES Continued...