CANADA STOCKS-TSX may open lower after China hikes rates

Tue Oct 19, 2010 8:34am EDT
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Oct 19 (Reuters) - Toronto's main stock index could open lower on Tuesday after China, the world's biggest resource consumer, surprised investors with its first increase of interest rates in nearly three years


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

* U.S. stock index futures pointed to a weaker start as Bank of America's result showed net loss quadrupled from a year ago, while iPad maker Apple's quarterly sales of the gadget and gross margins came in below expectations [.N]

* Canada's central bank is expected to hold its key policy rate at 1 percent in its scheduled announcement at 9 a.m. (1300 GMT), while the tone of its statement will be closely followed for further direction. [ID:nN15144891]

* European shares edged up led by industrial and financial stocks [.EU]

* Asian markets were mixed, with weakness in the technology and commodity sectors limiting the gains


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.84 percent in early trade.   Continued...