CANADA STOCKS-TSX may open lower on falling commodity prices

Fri Feb 18, 2011 8:36am EST
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Feb 18 (Reuters) - Toronto's main stock index looked set to open lower on Friday, with commodity prices pressured by China's decision to hike banks' required reserves, the latest move by the world's biggest consumer of resources to curb inflation.


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

* The Canadian dollar edged higher against the U.S. dollar morning after data showed Canada's annual inflation rate eased. [CAD/]

* U.S. stock index futures edged lower after recent advances pushed indexes to multi-year highs and as Wall Street eyed a third week of gains.[.N]

* European shares were flat, hovering near 29-month highs at midday, with miners among the worst performers after China raised banks' reserve requirements by 50 basis points.[.EU]

* In Asia, Hong Kong stocks rose, posting their biggest weekly returns in three months, as another session of healthy turnover suggested investors were growing in confidence.


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