CANADA STOCKS-TSX may open lower on fresh euro zone debt fears

Mon Jul 11, 2011 8:37am EDT
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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]   Continued...