CANADA STOCKS-TSX may open lower, weighed by euro zone debt woes

Wed Jun 15, 2011 8:50am EDT
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June 15 (Reuters) - Toronto's resource-heavy main stock index looked set to open lower on Wednesday, as the latest turn in Europe's ongoing debt crisis helped send commodity prices lower.

Euro zone finance ministers failed to agree how to make private creditors contribute to a second bailout for Greece, sending the euro EUR= down nearly 1 percent against the dollar and hurting the prices of other growth-oriented assets. [ID:nLDE75E0JC]


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

* U.S. stock index futures extended losses on Wednesday after data on consumer prices and manufacturing in New York State. [.N]

* European shares dipped early after euro zone ministers failed to agree on how to share the costs of a new bailout for Greece and with French banks placed under review for a downgrade by Moody's. [.EU]

* Markets in Asia were mixed, with Nikkei average edging higher helped by relief that U.S. retail sales had not fallen as much as feared, but gains were capped as investors lacked conviction about the economic outlook.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.61 percent in early trade.   Continued...