July 8, 2011 / 1:02 PM / 6 years ago

CANADA STOCKS-TSX set to fall at open, hurt by weak U.S. data

3 Min Read

July 8 (Reuters) - Toronto's resource heavy main stock index looked set to open lower on Friday, as much weaker-than-expected U.S. jobs data slammed investor confidence and sent commodity prices tumbling.

Factors to Watch

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

* The Canadian dollar weakened to a session low against the U.S. dollar on Friday after the disappointing U.S. jobs data. [CAD/]

* U.S. stock index futures tumbled on Friday after the U.S. economy added far fewer jobs than expected in June, confounding expectations for more signs of strength in the labor market. [.N]

* European stock markets slipped on Friday after U.S. non-farm payrolls data came in far below expectations, sending investors flocking towards safe haven assets. [.EU]

Commodity Price Moves

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.51 percent in early trade.

* U.S. and Brent crude futures fell sharply Friday after a disappointing report on June nonfarm payrolls in the United States. [O/R]

* Gold prices rallied to session highs at $1,537.96 an ounce after data showed the United States economy added a far fewer than expected 18,000 jobs in June. [GOL/]

* Copper prices fell to session lows on Friday after disappointing monthly jobs data from the United States raised questions about the health of the world's largest economy. [MET/L]

Canadian Stocks to Watch

* Royal Bank of Canada (RY.TO): The bank is getting into the fast-growing exchange-traded fund business, according filings with securities regulators this week. [ID:nN1E7661T6]

* European Goldfields EGU.TO: Greece granted the company a long-awaited permit to mine for gold in the country's north, a move set to turn the London-based firm into the European Union's largest primary gold producer. [ID:nLDE7670OL]

* Questerre Energy Corp. (QEC.TO): The oil and gas explorer said it bought Bakken-Torquay oil assets and undeveloped land in the Antler area of southeast Saskatchewan for C$13.25 million. [ID:nL3E7I81F9]

* TransAtlantic Petroleum Ltd. TNP.TO: The company may start natural gas production from a Bulgarian field in 2012, the economy and energy ministry said on Friday. [ID:nLDE765058]

$1= $0.96 Canadian Reporting by Shrutee Sarkar; Editing by Jeffrey Hodgson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below