CANADA STOCKS-TSX may open lower on U.S. growth concerns

Fri Aug 13, 2010 9:01am EDT
 
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Aug 13 (Reuters) - Toronto's main stock index looked set to open lower on Friday after fresh data suggested economic growth in the United States, Canada's largest export market, remains tepid,

FACTORS TO WATCH

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

* U.S. stock index futures briefly extended losses after data showed retail sales rose in July, but gains were concentrated in auto and gas station sales, suggesting the momentum in consumer spending remained tame. [.N]

* European shares turned negative, as falls in retailers outweighed gains in the miners.

* Most markets rose in Asia with the Australian index bouncing higher after three days of heavy losses and Nikkei inched up drawing support from an apparent halt in the yen's advance against the dollar.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.08 percent in early trade.

* Oil hovered near $76 a barrel after a three-day price slide as robust euro zone growth data was partly eclipsed by lingering doubts on the outlook for global fuel demand after equities turned negative. [O/R]   Continued...