CANADA STOCKS-TSX may open lower on soft commodities

Wed Nov 17, 2010 8:40am EST
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 Nov 17 (Reuters) - Toronto's main stock index looked set to
open slightly lower on Wednesday as commodity prices, including
oil, weakened on renewed worries that China will hike interest
rates to fight inflation.
 * Canadian equity futures <0#SXF:> pointed to a lower
 * U.S. stock index futures were little changed as investors
weighed debt woes Ireland and digested final terms of GM's
initial public offering. [.N]
 * European stocks were slightly up, halting a week-long
pullback with investors picking up beaten-down banking and
mining shares, but persistent concerns over Ireland's debt kept
gains in check. [.EU]
 * Asian stocks were largely low with an exception of
Japan's Nikkei which erased earlier losses after falling a
percent due to the prospect of more European bailouts and
concerns over further tightening measures by China.
 * The Thomson Reuters-Jefferies CRB index .CRB, a global
commodities benchmark was little changed in early trade.
 * Oil fell below $82 a barrel along with falls in broader
markets due to renewed worries China may hike interest rates to
fight inflation. [O/R]
 * Gold eased in Europe as the euro extended losses against
the dollar, strength in which is curbing interest in the metal
as an alternative asset, and as talk of a Chinese rate rise
pressured commodities. [GOL/]
 * Copper retreated to its lowest level in nearly two months
as euro zone debt concerns sent investors fleeing from risk and
as speculation mounted that top consumer China might raise
interest rates. [MET/L]
* Potash Corp. POT.TO: Fertilizer maker said on Tuesday it
plans to launch a stock buyback worth up to $2 billion, after
Anglo-Australian miner BHP Billiton scrapped its $39 billion
hostile takeover bid.[ID:nN16156346]
 * Research In Motion RIM.TO: India and the blackberry
maker have moved closer to an agreement on lawful access and
monitoring of the highly-secure corporate email services on
BlackBerry devices, the Mint newspaper reported on Wednesday,
citing an unnamed interior ministry official. [ID:nSGE6AG047]
 * Metro Inc. MRUa.TO: The grocer reported a stronger
fourth-quarter profit on Wednesday, beating market estimates,
helped by improved store operations. [ID:nSGE6AG084]
 * Arise Technologies APV.TO: The solar technology
provider said it plans to more than double production at its
German plant and that it is in talks with a private European
company to commercialize its silicon technology.
 Following is a summary of research actions on Canadian
companies reported by Reuters. [RCH/CA]
 * Alange Energy ALE.V rating cut to market perform from
outperform at Raymond James
 * Avenir Diversified Income Trust AVF_u.TO price target
raised to C$6.25 from C$5.50; keeps outperform rating at
Raymond James
 * GASFRAC Energy Services Inc GFS.V rating raised to
strong buy from outperform at Raymond James
 * Petrobank Energy and Resources Ltd PBG.TO rating cut to
market perform from outperform at Raymond James
 * Ram Power RPG.TO price target cut to C$3.50 from
C$4.35; keeps outperform rating at Raymond James
($1= $1.02 Canadian)
 (Reporting by Kishan Nair and Bangalore newsroom; editing by
Jeffrey Hodgson)