CORRECTED - CANADA STOCKS-TSX set to open lower on China tightening

Fri Nov 19, 2010 10:38am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Corrects headline to show China move was to hike bank reserve requirements not rates)

Nov 19 (Reuters) - Toronto's main stock index looked set to open lower on Friday after news of China's central bank taking steps to battle inflation by raising bank reserve requirements hit market sentiment globally.


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

* U.S. stock index futures were lower on Friday after China's central bank took steps to battle inflation. [.N]

* European shares were down around midday, as China's central bank decision to raise banks' required reserves felled worries over the country's appetite for commodities, which hit mining stocks. [.EU]

* Asian markets were mixed with Nikkei gaining, propelled by hedge fund inflows from overseas and with a fall in the yen providing additional support.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.38 percent in early trade.   Continued...