CANADA STOCKS-TSX may open lower on soft U.S. jobs data

Thu Sep 8, 2011 8:51am EDT
 
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Sept 8 (Reuters) - Toronto's main stock index looked set to open lower on Thursday, as an unexpected rise in U.S. jobless claims weighed on investor sentiment and the price of commodities including oil and copper.

FACTORS TO WATCH

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

* U.S. stock index futures extended losses after data showed new U.S. jobless claims rose unexpectedly last week, further evidence of a weak labor market. [.N]

* European stocks rose, extending a sharp rally from the previous session, as investors became more optimistic that policymakers would act to avert recession and tackle the euro zone debt crisis. [.EU]

* Markets in Asia were largely up, but Hong Kong and Shanghai shares surrendered early gains and ended 0.7 percent lower. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.05 percent in early trade.

* Brent and U.S. crude futures slipped in choppy trading after separate reports showed jobless claims rose in the United States last week and that the nation's trade deficit shrank more than expected in July as exports rose. [O/R]   Continued...