CANADA STOCKS-TSX may open lower as growth fears hit commodities

Thu Aug 12, 2010 9:05am EDT
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Aug 12 (Reuters) - Toronto's resource-heavy main stock index looked set to open lower on Thursday as commodity prices slipped on lingering doubts about the outlook for the global economic recovery.

Canadian equity futures <0#SXF:> pointed to a lower open as the Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.46 percent in early trade.

Wall Street is also set for a lower start after a steep sell-off in the previous session that erased gains for the year. U.S. stock futures added to losses after initial jobless claims there unexpectedly rose in the latest week. [.N]

European shares were mixed with food and telecom stocks leading the gainers as worries about global economic growth prompting investors to take refuge in defensive sectors.

Most markets in Asia were down with the Nikkei hitting its lowest level in 13 months, hammered by concerns over a global slowdown that pushed the dollar to its weakest level in 15 years against the yen.

Here is some news that could affect stock prices:


Oil slipped to around $77 a barrel on Thursday, heading for a third straight session of losses, on lingering doubts over the outlook for fuel demand in the world's biggest energy consumers. [O/R]

COPPER DIPS   Continued...