CANADA STOCKS-TSX may open lower on oil, euro zone concerns

Mon Apr 18, 2011 8:37am EDT
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April 18 (Reuters) - Toronto's main stock index looked set to open lower on Monday, as weak oil and commodity prices, Greek debt concerns, and China's decision to raise banks' required reserves weighed on investor sentiment.


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

* U.S. stock index futures fell before a raft of corporate earnings, including Citigroup, while Greek debt concerns continued to cloud the global economic picture. [.N]

* Resurfacing euro zone debt concerns hit European shares, with recent falls nudging a key index into negative territory for the year, from which it is unlikely to significantly rebound in the near-term. [.EU]

* Stocks in Asia ex-Japan remained flat, with investors unconvinced that China's latest moves to cool its economy would hurt the global recovery.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.52 percent in early trade.

* Oil prices fell more than $1 a barrel to less than $123 after top exporter Saudi Arabia cut output because it lacked buyers. [O/R]   Continued...