CANADA STOCKS-TSX may open flat; debt woes offset soaring gold

Wed Jul 27, 2011 8:41am EDT
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July 27 (Reuters) - Toronto's main stock index looked set to open little changed on Wednesday as a jump in the price of gold and some other commodities was offset by concerns over the prospect of a U.S. default.


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

* U.S. stocks futures were slightly lower as concerns over a possible debt default by the United States continued to weigh on investor sentiment. [.N]

* European shares fell as a deadlock over raising the U.S. debt limit raised concerns about a possible default and a downgrade of the country's top-notch credit rating, prompting investors to cut their exposure to riskier assets. [.EU]

* Asian markets were mostly low on U.S. debt concerns prompting investors to cut their exposure to riskier assets ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.22 percent in early trade.

* Oil fell as partisan wrangling over the U.S. debt limit unnerved investors and sent them fleeing from assets perceived to be dependent on growth. [O/R]   Continued...