CANADA STOCKS-TSX may open lower as Irish crisis flares

Thu Nov 11, 2010 8:52am EST
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Nov 11 (Reuters) - Toronto's main stock index looked set to open softer on Thursday, as fresh European debt woes and a dismal outlook from Cisco Systems offset the positive impact of rising gold and oil prices.


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

* U.S. stock index futures fell Thursday after a dismal outlook from Cisco Systems, while leaders struggled to find common ground at the G20 summit amid concerns growing protectionism will hurt global trade. [.N]

* The Group of 20 meeting struggled to agree on meaningful action to rebuild the global economy as a crisis erupted in Ireland, pushing its bond spreads out to a record over Germany, and infecting Spain and Portugal. [ID:nN10121378]

* European shares fell with banks lower on renewed worries about debt levels in peripheral euro zone countries. [.EU]

* Markets in Asia were mixed, with the Nikkei rising to its highest since June.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.03 percent in early trade.   Continued...