CANADA STOCKS-TSX may open lower, hurt by easing oil prices

Tue Aug 30, 2011 8:36am EDT
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Aug 30 (Reuters) - Toronto's main stock market index was set to open lower on Tuesday, hurt by easing oil and commodity prices, as investors remain cautious ahead of U.S. consumer confidence data and FOMC minutes.


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

* U.S. stock index futures fell after the market rose nearly 8 percent in the past five sessions as investors cautiously awaited a batch of data for a better assessment on the state of the economy. [.N]

* A surge in British equities helped keep European shares positive, as major euro zone markets fell, after key indicators of economic activity came in below expectations, adding to worries that the region could go into recession. [.EU]

* Markets in Asia were up, with the Nikkei climbing for a fourth straight day but stopped short of 9,000 with the market wanting more reassurance that the U.S. economy was not slipping back into recession before testing that level. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.16 percent in early trade.

* Brent crude slipped from three week highs, as the dollar firmed on the back of data from the United States suggesting the world's top oil consumer is not sliding back into recession. [O/R]   Continued...