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July 11 (Reuters) - Toronto's main stock index looked set to open lower on Monday as risk aversion swept over world stocks on concerns about a global economic slowdown and fear that Italy could be the next victim of the euro zone debt crisis.
* Canadian equity futures <0#SXF:> pointed to a lower open.
* U.S. stock index futures fell as renewed jitters about Europe's debt crisis and the global economy overshadowed the start of earnings season. [.N]
* European shares fell as banks extended declines from Friday in response to intensified worries about euro zone peripheral debt contagion. [.EU]
* Asian markets were down after weak U.S. and Chinese economic data triggered profit-taking on three weeks of gain.
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.89 percent in early trade.
* Crude oil prices fell by more than a dollar as worries about the widening euro zone debt crisis and a drop in Chinese crude imports rekindled concerns about a demand slowdown. [O/R]
* Gold steadied having risen for five days in a row, supported by investor concerns over the spread of the euro zone debt crisis, although gains were tempered by the dollar's strength. [GOL/]
* Copper fell as concerns over Italy's sovereign debt curtailed appetite for risky assets, but a series of strikes in producer countries highlighted supply constraints and lent support to prices. [MET/L]
* Valeant Pharmaceuticals (VRX.TO): The French drug maker Sanofi plans to sell its Dermik skincare business to the company for $425 million in cash, the latest drug giant to move to shed non-core assets. [ID:nLDE76A060]
* Prestige Telecom Inc. PR.V: The company said it is exploring strategic alternatives, including a possible sale of the company. It appointed Alain Boucher as CFO. [ID:nL3E7IB1IO]
* Centerra Gold Inc. (CG.TO): The gold miner said it discovered high-grade gold and silver on its property in northeast Mongolia and raised its exploration budget for 2011. [ID:nL3E7IB1N3]
* Frontier Rare Earths Ltd. FRO.TO said it would complete a preliminary economic assessment of its Zandkopsdrift project in South Africa in the fourth quarter and was in talks with potential partners for the mine. [ID:nL3E7IB1PS]
$1= $0.97 Canadian Reporting by Kishan Nair; Editing by Jeffrey Hodgson