CANADA STOCKS-TSX set to open lower on Greek default worries

Tue Oct 4, 2011 8:42am EDT
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Oct 4 (Reuters) - Toronto's resource heavy main stock index looked set to open lower on Tuesday after increased risk aversion on Greek debt default worries battered global equities and commodities.


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

* U.S. stock index futures fell, a day after equities hit 13-month lows, on increased worries about a major banking crisis in Europe and expectations Greece would default soon. [.N]

* Britain's top share index fell sharply by midday as worries over the euro zone debt crisis and the sustainability of global growth prompted investors to cut positions in riskier assets such as banks and commodity stocks. [.EU]

* Asian stocks fell, with Nikkei down 1 percent. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 1.11 percent in early trade.

* Brent crude futures LCOc1 dropped below the psychologically-important $100 per barrel level, dragged lower on fears that the euro zone might struggle to contain the unfolding Greek crisis. [O/R]   Continued...