CANADA STOCKS-TSX could weaken as oil, base metals sag

Fri Sep 18, 2009 8:29am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO, Sept 18 (Reuters) - Toronto's main stock market index looked set to open weaker on Friday as commodity prices, a key influence for the resource-heavy market, mostly drifted lower.

Global equities also fell .MIWD00000PUS on Friday as investors paused after recent gains and oil and base metals prices dropped, while bullion held steady.[GLOB/MKTS] [O/R] [MET/L]

On Thursday, the S&P/TSX composite index .GSPTSE dropped 27.37 points, or 0.24 percent, to end at 11,528.23, retreating as crude ended slightly lower and gold backed away from 18-month highs.

Here is some news that could affect the market:


Oil prices fell to around $72 a barrel on Friday as Asian and European stocks slipped off their multi-month peaks and a battered U.S. dollar found some respite. [O/R]


Gold held near $1,010 an ounce in Europe on Friday as the dollar's recovery from one-year lows versus the euro took the steam out of its sharp run higher. [GOL/]

BASE METALS   Continued...