CANADA STOCKS-TSX set to open lower on Japan woes; Cameco down

Mon Mar 14, 2011 8:23am EDT
 
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March 14 (Reuters) - Toronto's main stock index looked set to open lower on Monday as investors worry about the impact of Friday's earthquake and tsunami in Japan which killed at least 10,000 people.

Japan scrambled to avert a meltdown at a stricken nuclear plant on Monday after a hydrogen explosion at one reactor and exposure of fuel rods at another. [ID:nL3E7EC0D6]

FACTORS TO WATCH

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

* U.S. stock index futures fell as investors worried about the impact of the Japanese disaster. [.N]

* European shares fell to their lowest level in three months as investors worried about the impact of Friday's earthquake and tsunami in Japan. [.EU]

* Japanese stocks fell 7.5 percent. The drop, on record-high trading volume among the Tokyo Stock Exchange's biggest companies, was compounded by fears about the long-term impact on power supplies after the earthquake damaged a nuclear generator.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.65 percent in early trade.   Continued...