CANADA STOCKS-TSX may weaken on soft data, China inflation fear

Thu Apr 14, 2011 8:51am EDT
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April 14 (Reuters) - Toronto's main stock index looked set to open weaker on Thursday, with investor sentiment hurt by higher-than-expected U.S. jobless claims data and a report suggesting Chinese inflation will rise.


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

* S&P index futures added to their losses on Thursday after data showed an unexpected rise in weekly U.S. jobless claims. [.N]

* Hong Kong's Phoenix TV, citing an unnamed source, said China's annual rate of inflation in March was likely to be 5.3-5.4 percent, a 32-month high and just above an estimate in a Reuters poll. [ID:nL3E7FE0EO]

* European stocks dipped early, as worries over Chinese inflation and doubts about the earnings season kept investors on edge, but losses were limited as a main index managed to stay above a key support level. [.EU]

* Asian stocks were mixed with Japan's Nikkei gaining but stayed in a narrow range.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.51 percent in early trade.   Continued...