CANADA STOCKS-TSX may open lower; Greece worries hit commodities

Mon Oct 3, 2011 8:48am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Oct 3 (Reuters) - Canada's main stock index looked set to open lower on Monday as investors sold off risky commodities after Greece said it will miss its deficit targets for the year.


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

* U.S. stock index futures were modestly lower on Monday, extending equities losses from the previous session as concerns over Greece's teetering finances returned to the forefront. [.N]

* Greece's admission that it will miss its deficit targets for this year and next hit European shares on Monday, with banking stocks among the worst performers. [.EU]

* Asian stocks also fell as fears of slowing global growth and the spreading impact of Europe's credit woes encouraged investors to pull funds out of risk 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 0.44 percent in early trade.

* Oil prices fell towards $102 on Monday after Greece said it would miss its deficit target and as concerns rose about Franco-Belgian bank Dexia, which pulled down stocks and the euro, while the dollar strengthened. [O/R]   Continued...