CANADA STOCKS-TSX may open lower on oil inventory, demand worry

Fri May 14, 2010 8:28am EDT
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May 14 (Reuters) - Toronto's main stock index could open lower on Friday as oil prices fell to a three-month low, dragged by swollen U.S. crude inventories and concerns that the European debt crisis will curb future energy demand growth.

European equities extended early losses pressured by banks, miners and commodity-linked stocks.

U.S. stock index futures were down as investors awaited a round of data, including retail sales and consumer sentiment, which will provide a picture on the strength the economic recovery. [.N]

Most Asian markets fell with Nikkei shedding more than a percent after Sony forecast profits that were not as strong as some had hoped.

Here is some news that could affect stock prices:


U.S. crude oil fell more than $1 to a three-month low near $73 a barrel on Friday, dragged down by swollen U.S. crude inventories and worries that the European debt crisis will curb demand growth. [O/R]


Copper slipped on Friday, as euro zone sovereign debt worries and a firm dollar dragged industrial metals lower, while concerns of further fiscal tightening in number one metals consumer China added to the negative sentiment. [MET/L]   Continued...