CANADA STOCKS-TSX may open lower on Europe concerns

Wed Jun 16, 2010 8:45am EDT
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June 16 (Reuters) - Toronto's resource heavy main stock index could open lower on Wednesday, as renewed euro zone worries offset gains in the price of some commodities.

Markets showed further concern about the European crisis, with the premium that investors demand to hold 10-year Spanish government bonds rather than euro zone benchmark German Bunds hitting a euro lifetime high.

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

And Wall Street is poised for a lower start after the release of U.S. housing and PPI data. [.N]

European shares edged higher with banks among the gainers. Markets in Asian rose, led by electronics makers and resource stocks.

Here is some news that could affect stock prices:


Oil prices edged down to hover below $77 a barrel on Wednesday after a surprise hike in crude inventories in the world's top energy consumer the United States dampened risk appetite for commodities. [O/R]

COPPER, ALUMINUM UP   Continued...