CANADA STOCKS-TSX may open lower as commodities weaken

Tue Aug 10, 2010 9:06am EDT
 
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Aug 10 (Reuters) - Toronto's resource-heavy main stock index could open lower on Tuesday as commodity prices were pressured by weaker-than-expected import data from China, the biggest resource consumer.

Canadian equity futures pointed to a lower open. <0#SXF:> The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was down 0.97 percent in early trade.

Wall Street is also set for a lower start ahead of the Federal Reserve's meeting on monetary policy. [.N]

Speculation has been growing that the Fed will send a clear signal it is prepared to print more money to support a faltering U.S. economic recovery, if necessary. For details, see [ID:nN09301078]

Asian and European shares dropped with miners among the top losers.

Here is some news that could affect stock prices:

OIL FALLS

Oil dropped a dollar to below $81 a barrel on Tuesday, sapped by hints of weaker demand for fuel in the world's top energy users and a strengthening U.S. dollar. [O/R]

COPPER FALLS   Continued...