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.

FACTORS TO WATCH

* 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]

COMMODITY PRICE MOVES

* 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...