CANADA STOCKS-TSX set to open lower as resources drag

Wed Sep 15, 2010 8:37am EDT
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TORONTO, Sept 15 (Reuters) - Toronto's main stock index looked set to open lower on Wednesday after three days of gains, as commodity prices slipped on worries about demand from top resource consumer China.


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

* U.S. stock index futures were modestly lower on Wednesday as investors looked set to consolidate recent gains. [.N]

* European shares were lower by midday on Wednesday, with drugmakers falling with AstraZeneca slipping as its heart drug Brilinta faced a delay in getting U.S. approval. [.EU]

* Markets in Asia were broadly up with the Nikkei jumping 2.3 percent to a one-month closing high after Japan intervened to weaken the yen for the first time in six years. [nTOE68E02W]


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.64 percent in early trade.

* Oil fell for a second day on Wednesday as pipeline operator Enbridge prepared to reopen the biggest Canada-U.S. crude line, which analysts said could limit the drainage of record-high inventories. [O/R]   Continued...