CANADA STOCKS-TSX set for lower start despite firm data

Tue Sep 14, 2010 9:07am EDT
 
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TORONTO, Sept 14 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday, hurt by lower oil prices, even as stronger-than-expected U.S. retail sales data further eased fears of a double-dip recession.

FACTORS TO WATCH

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

* U.S. stock index futures cut losses on Tuesday and S&P 500 futures briefly turned positive after U.S. retail sales data. [.N]

* The Canadian dollar touched a session high against the greenback on Tuesday after the U.S. data. [CAD/]

* European shares inched lower by midday on Tuesday as investors paused for a breather ahead of more economic numbers and a day after a key index surged to its highest level in more than four months. [.EU]

* Asian stocks were up while the yen jumped to a 15-year high after an election in Japan kept the status quo, leaving unclear whether a rally that lifted global equities to a four-month high can stay alive.

COMMODITY PRICE MOVES

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