CANADA STOCKS-TSX may open flat with commodities up, data mixed

Thu Jun 9, 2011 9:03am EDT
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June 9 (Reuters) - Toronto's main stock index looked set to open little changed on Thursday, as slightly firmer commodity prices were offset by mixed Canadian and U.S. economic data.

The Canadian dollar pared early gains to trade flat after the country unexpectedly reported a trade deficit for April, compared with expectations of a small surplus. [CAD/]


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

* U.S. stock index futures added to gains after a brief dip on Thursday following the latest read on weekly initial claims for jobless benefits. [.N]

* European shares fell for a seventh straight day in a choppy session, with retailers under pressure on a grim consumer spending outlook and banks falling ahead of the European Central Bank's monthly rate-setting decision. [.EU]

* Markets in Asia were down as investors cut exposure to risky assets on signs the global economy is losing steam.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.25 percent in early trade.   Continued...