CANADA STOCKS-TSX may open lower on Europe, growth fears

Fri May 21, 2010 8:47am EDT
 
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May 21 (Reuters) - Toronto's main stock index could open lower on Friday on rising concerns that Europe's debt crisis could hurt global economic growth and the price of commodities produced by many Canadian companies.

U.S. stock index futures fell as the recent sell-off stemming from the euro zone debt crisis and U.S. financial regulation has ruptured investor confidence, causing a flight from risky assets. [.N]

Stocks slid further around the world on fears that Europe's debt crisis and tougher financial regulation will hurt a global economic recovery. [MKTS/GLOB]

Sliding global markets overshadowed news that Canadian inflation data came in slightly higher than expected, keeping alive the possibility of a June interest rate hike by the Bank of Canada. [ID:nN21149251]

Below is some news that could affect Toronto stock prices:

OIL FALLS

Oil prices fell towards $70 a barrel on Friday, haunted by concerns that Europe's debt crisis could hurt global economic growth and slow energy demand. [O/R]

COPPER UP

Copper rose on Friday as gains in the battered euro supported sentiment, but the rally in metals looked weak as the debt crisis in Europe and weaker copper imports from the metal's top buyer China hit the demand outlook. [MET/L]   Continued...