CANADA STOCKS-TSX set to open lower on weak commodity prices

Fri Apr 16, 2010 9:01am EDT
 
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April 16 (Reuters) - Toronto's main stock index could open lower on Friday with commodities dipping as investors fretted about the outlook for demand in the U.S. and China.

Wall Street is also set to open lower as initial investor optimism on corporate earnings tempered.

Markets will likely seesaw between Bank of America and General Electric's expectation-beating results and Google, which disappointed some investors accustomed to blowout results despite topping analyst forecasts. [.N]

European shares ticked higher as industrials gained after strong SKF results, and banks recovered.

Asian stocks retreated from 22-month highs, and higher-yielding currencies fell, as investors booked profits after risky assets ran up in recent sessions.

Factors to watch on Friday include:

OIL DIPS

Oil prices fell below $85 a barrel as doubts over U.S. crude demand re-emerged and the dollar strengthened, making imports more expensive for emerging economies where consumption is surging. [O/R]

GOLD SOFTENS   Continued...