CANADA STOCKS-TSX may open lower on weaker commodity prices

Mon Jul 19, 2010 9:00am EDT
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July 19 (Reuters) - Toronto's main stock index could open lower on Monday as commodity prices fell, weighed by concerns about the pace of global economic recovery.

The Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was down 0.04 percent in early trade.

U.S. stock index futures climbed on Monday, signaling the S&P 500 could rebound from its worst one-day drop since June 29 on Friday, as earnings season kicks into high gear. [.N]

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

European shares rose, with miners among the gainers.

Major Asian shares were down, but Shanghai Composite Index .SSEC bucked the trend to gain 2.11 percent on optimism that China will maintain stable economic policies for the rest of the year.

Here is some news that could affect stock prices:


Oil prices slipped below $76 a barrel on Monday as investors weighed a sharp drop in U.S. consumer sentiment against early signs of improved oil demand. [O/R]   Continued...