CANADA STOCKS-TSX may open lower on Chinese inflation concerns

Fri Apr 15, 2011 8:53am EDT
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April 15 (Reuters) - Toronto's main stock index looked set to open lower on Friday as investors worried the rise of Chinese inflation to a 32-month high would lead to tighter monetary policy, hitting demand in the top resource consumer.


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

* China and India reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy. [ID:nL3E7FF17]

* S&P futures turned flat after being negative as U.S. core consumer prices came in below expectations for March. [.N]

* European equities drifted lower as worries about the euro zone debt crisis resurfaced after Moody's cut Ireland's rating, while a jump in inflation raised concerns of more monetary tightening in China. [.EU]

* Asian shares were poised for their first weekly loss in a month as investors took profits after a recent rally.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.05 percent in early trade.   Continued...