CANADA STOCKS-TSX may open lower on weaker metal, oil prices

Mon Jul 12, 2010 8:54am EDT
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July 12 (Reuters) - Toronto's main stock index could open lower on Monday, tracking weaker oil and metal prices, after crude futures fell following a week of gains and weekend data showed China's June copper imports fell short of expectations.

Wall Street is also set to open lower as markets take a breather after posting its best weekly gains in a year, ahead of Alcoa's AA.N results after market close, kicking off the second-quarter reporting season. [.N]

Canadian equity futures also pointed to a lower start. <0#SXF:>

European shares drifted lower, with miners down although asset disposal reports lifted oil major BP BP.L.

Asian stocks rose as investors largely shrugged off the chance that Japan may be trapped in a policy gridlock after the ruling government lost a key poll on Sunday.

Here is some news that could affect stock prices:


U.S. crude oil futures fell to around $75 per barrel on Monday, consolidating after a week of gains and ahead of quarterly U.S. company earnings and key macro-economic data. [O/R]

COPPER FALLS   Continued...