CANADA STOCKS-TSX may open lower on Greek debt woes

Mon Jun 20, 2011 8:25am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 20 (Reuters) - Toronto's main stock index looked set to open lower on Monday as uncertainty surrounding a resolution of the Greece crisis made investors wary of committing more cash to equities.

Crude prices fell and bond yields in heavily indebted euro zone countries jumped after the region's finance ministers delayed a final decision on extending emergency loans to Greece. [MKTS/GLOB]

FACTORS TO WATCH

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

* U.S. stock index futures fell after euro zone finance ministers postponed a final decision on extending emergency loans to debt-stricken Greece. [.N]

* European shares fell led by banks after euro zone finance ministers delayed a decision on extending emergency loans to Greece and ratings agency Moody's threatened to cut Italy's credit rating. [.EU]

* Markets in Asia were largely lower, with Nikkei stock average ending flat, with investor caution before the Federal Open Market Committee meeting this week offset gains in power companies, which rose on a minister's call for the restart of nuclear reactors.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.55 percent in early trade.   Continued...