CANADA STOCKS-TSX to open flat on euro-zone debt worries

Fri Dec 17, 2010 8:33am EST
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Dec 17 (Reuters) - Toronto's main stock index is set to open flat as markets shifted focus back to euro-zone debt after Moody's downgraded Ireland five notches.


* Canadian equity futures <0#SXF:> point to a lower open.

* S&P 500 index futures dipped after Ireland's credit rating was slashed. [.N]

* European shares fell, with banks lower on concerns over the euro zone debt crisis after the Ireland downgrade. AstraZeneca slipped on a setback for a key drug. [.EU]

* Asian stocks clawed higher. But the Nikkei was flat after gaining around 0.9 percent on the week, as losses in trading companies offset gains in banks and real estate sector.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.21 percent in early trade.

* Oil hovered around $88, supported by a weaker dollar and unseasonably cold northern hemisphere weather. [O/R]   Continued...