CANADA STOCKS-TSX may open firmer even as growth fears weigh

Mon Jun 13, 2011 8:47am EDT
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June 13 (Reuters) - Toronto's main stock index was set to open firmer on Monday, with some investors looking to buy back into the market after it hit a six-month low on Friday, even as concerns lingered about the outlook for the global economy.


* Canadian equity futures <0#SXF:> pointed to a slightly firmer open

* U.S. stock index futures edged higher after six weeks of declines for the S&P 500 left equities at more attractive levels. [.N]

* European shares stabilized after the previous session's sharp sell-off, as analysts said global growth worries and the Greek debt crisis would continue to weigh on the market. [.EU]

* Markets in Asia were largely mixed with Hong Kong shares snapping a seven-day losing streak as banks led a late rally, setting up the benchmark for a possible bounce from oversold conditions if inflation data from China on Tuesday comes in better than expected.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.32 percent in early trade.

* Oil futures dipped as increasing signs of global economic slowdown prompted risk aversion, with the increase in speculators' short positions in U.S. crude further deepening its discount to North Sea Brent. [O/R]   Continued...