CANADA STOCKS-TSX may open lower, focus on Greek vote

Mon Jun 27, 2011 8:50am EDT
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June 27 (Reuters) - Toronto's main stock index looked set to open slightly lower on Monday, with softer commodity prices and concern about an upcoming Greek austerity vote weighing on sentiment.

Greek lawmakers will begin debating a 28 billion euro ($40 billion) package of measures to increase taxes and cut fiscal spending that is critical to winning a new round of international funding to keep it afloat. [ID:nLDE75P0BM]


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

* U.S. stock index futures rose, putting a Wall Street rebound on track after three days of losses, although investors remained cautious about Greece's fiscal future. [.N]

* European shares edged up, after falling for eight straight weeks, with beaten-down banks ticking up and some strategists saying the worst-case scenario for heavily-indebted Greece is already priced in. [.EU]

* Asian stocks fell with Japan's Nikkei dropping more than a percent on euro zone debt worries. Indian shares however jumped almost a percent with state-run oil companies rallying after the government raised state-controlled fuel prices, which would boost their earnings.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.47 percent in early trade.   Continued...