CANADA STOCKS-TSX may open lower as commodities weigh

Fri Jul 16, 2010 9:01am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

July 16 (Reuters) - Toronto's main stock index could open lower on Friday as weaker commodity prices and fears that the global economic recovery is slowing offset unexpectedly strong earnings from some U.S. companies.

U.S. stock index futures were little changed on Friday after General Electric Co's (GE.N: Quote) and Bank of America's (BAC.N: Quote) profits topped expectations but revenues declined, underscoring corporate America's struggles against headwinds in the economic recovery. [.N]

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

European markets inched higher with banking stocks reversing early losses. Asian shares were mixed.

Here is some news that could affect stock prices:

COMMODITIES WEAKEN

The Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.12 percent in early trade.

COPPER EASES

Copper prices eased on Friday as worries about economic growth and demand dominated market sentiment, but a softer dollar was expected to limit losses. [MET/L]   Continued...