CANADA STOCKS-TSX may open weaker; results, oil support

Thu Feb 17, 2011 9:01am EST
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Feb 17 (Reuters) - Toronto's main stock index looked set to open weaker on Thursday, a day after hitting a 31-month high, as firm oil prices and strong results from Barrick Gold and Sun Life Financial were offset by data showing a rise in U.S. jobless claims.


* Canadian equity futures <0#SXF:> were slightly lower

* Canada's dollar hit its highest since May 2008 against the U.S. greenback on Thursday morning, helped by cautious optimism on the U.S. economy from the U.S. Federal Reserve. [CAD/]

* S&P 500 stock index futures added to losses on Thursday after data showed both a rise in consumer prices and new claims for unemployment benefits. [.N]

* European shares were flat after hitting 29-month highs in the previous session, with falls in industrial goods firms offset by gains in food stocks after upbeat results from Nestle NESN.VX. [.EU]

* Asian shares were mostly up with Japan's Nikkei rising for a fourth session to a 9-1/2-month high with core blue-chip stocks outpaced advances in small and mid-size cap shares.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.32 percent in early trade.   Continued...