CANADA STOCKS-TSX may open lower as commodity prices soften
Oct 15 (Reuters) - Toronto's main stock index looked set to open slightly lower on Friday as comments by U.S. Federal Reserve Chairman Ben Bernanke that he saw a case for further easing were offset by softer commodity prices.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a slightly lower open.
* U.S. stock index futures briefly extended gains on Friday after data showed September retail sales were stronger than expected and consumer prices rose less than anticipated, while October manufacturing was stronger than forecast in New York. [.N]
* Most markets in Asia were down, while China's key stock index ended up 3.2 percent, hitting a near six-month high and breaking through the key 250-day resistance on investor optimism over banks ahead of expectations of strong third-quarter profits
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was down 0.26 percent in early trade.
* Gold prices rallied to session highs at $1,385.25 an ounce in Europe, just a few dollars below the previous session's record high, as comments from Federal Reserve chairman Ben Bernanke hurt the dollar. [GOL/]
* Copper prices rose after the head of the U.S. Federal Reserve said he saw the case for more monetary easing. [MET/L] Continued...