CANADA STOCKS-TSX may open slightly lower on softer oil price

Mon Apr 11, 2011 8:40am EDT
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April 11 (Reuters) - Toronto's main stock index looked set to open slightly lower open on Monday, weighed down by softer prices for oil and other commodities.


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

* U.S. stock index futures edged up as hopes for a strong earnings season offset some concerns about another earthquake in Japan. [.N]

* European shares slipped ahead of the first quarter earnings season in the United States as jitters resurfaced that high raw material prices could further strain corporate margins. [.EU]

* Asian stocks were mostly in red with Indian shares closing 1.1 percent lower after industrial output grew at a slower-than-expected pace in February.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.33 percent in early trade.

* Brent crude oil fell over $1 to dip below $125 and U.S. crude futures slipped to below $112 on prospects of a Libyan peace agreement, and giving back some ground after Friday's strong rally. [O/R]   Continued...