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.

FACTORS TO WATCH

* 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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* 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...