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.


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


* 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...