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: Quote) 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: Quote).

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:

OIL SLIPS

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...