CANADA STOCKS-TSX may open down; soft commodities offset TMX bid

Wed Feb 9, 2011 8:44am EST
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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 was more than offset by soft commodity prices and weak global equity markets.


* 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.