CANADA STOCKS-TSX may open lower on soft data, commodity prices
May 17 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday, weighed down by soft commodity prices and unexpectedly weak U.S. housing data.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a lower open.
* The S&P 500 and Dow index futures turned negative on Tuesday after data showed U.S. housing starts and permits fell in April. [.N]
* European shares edged lower, weighed on by persistent peripheral euro zone debt concerns with OMV (OMVV.VI: Quote) among the top fallers after a refinancing plan. [.EU]
* Nikkei inched higher, helped by a weaker yen, but the gains were limited by a slide in the utility sector, dragged down by Tokyo Electric Power Co.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.16 percent in early trade.
* U.S. crude oil futures dipped in choppy trading on Tuesday as traders weighed forecasts that domestic petroleum inventories rose across the board last week and as the dollar rose. [O/R] Continued...