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.

FACTORS TO WATCH

* 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.

COMMODITY PRICE MOVES

* 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...