CANADA STOCKS-TSX may open lower on Europe concerns, commodities

Mon Nov 14, 2011 8:24am EST
 
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Nov 14 (Reuters) - Toronto's main stock index looked set to open lower on Monday amid doubts that the euro zone can contain its debt crisis despite new governments in Italy and Greece.

FACTORS TO WATCH

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

* U.S. stock index futures fell after strong gains going into the weekend and as Italy and Greece rushed to form technocrat-led governments to stave of the euro zone debt crisis. [.N]

* European shares extended losses after an auction of up to 3 billion euros ($4.1 billion) of five-year Italian bonds failed to provide relief during a choppy session. [.EU] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.31 percent in early trade.

* Crude oil futures fell more than $1 a barrel after data showed euro zone industrial output was contracting, suggesting a possible regional recession. [O/R]

* Gold came under pressure as the euro fell against the dollar which fell after initial optimism over the ability of Italy and Greece to tackle their debt burdens faded. [GOL/]   Continued...