CANADA STOCKS-TSX may open lower after Apple miss, EU plan eyed

Wed Oct 19, 2011 8:39am EDT
 
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Oct 19 (Reuters) - Toronto's main stock index was set to open slightly lower on Wednesday as Apple shocked investors with results that missed expectations and markets were cautious about the degree of progress on a euro zone rescue plan.

FACTORS TO WATCH

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

* Nasdaq index futures fell after technology heavyweight Apple missed earnings expectations, while the broader market was little changed after a big run-up in the last session on a report Europe may beef up its crisis fund. [.N]

* European shares rose after reports that France and Germany had agreed a plan to boost the euro zone rescue fund to 2 trillion euros, which helped to fuel a late rally on Wall Street. [.EU]

* Most Asian stocks rose ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.08 percent in early trade.

* Brent crude slipped, hampered by euro zone debt fears after Moody's Investors Service downgraded Spain's sovereign rating, though optimism EU policymakers will take decisive measures limited losses. [O/R]   Continued...