CANADA STOCKS-TSX may open lower; Japan data fuels growth fears
Aug 16 (Reuters) - Toronto's main stock index looked set to open lower on Monday as far weaker-than-expected growth numbers from Japan added to concerns the global economic recovery will falter.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a lower open.
* Wall Street is also set for a lower open. Mining stocks could be in focus after Vedanta Resources (VED.L: Quote) said it will spend up to $9.6 billion to acquire as much as 60 percent of Cairn India (CAIL.BO: Quote). [.N]
* European stocks were down, surrendering small gains made in the previous two sessions, led lower by banking and energy stocks.
* Most Asian stocks fell after Japan GDP data painted a gloomy picture for the economy. Japan's quarterly GPD growth came at 0.1 percent, which translates to an annualized expansion of 0.4 percent, well below the median market forecast of 2.3 percent.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.12 percent in early trade.
* Oil edged higher towards $76 a barrel on Monday with a boost from a weaker dollar, but concerns about faltering economic recovery in some big oil-consuming nations capped gains. [O/R] Continued...