CANADA STOCKS-TSX may open lower on commodity worries

Tue Jun 22, 2010 8:52am EDT
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June 22 (Reuters) - Toronto's resource-heavy main stock index .GSPTSE could open lower on Tuesday as investors fretted about the global demand outlook for commodities.

Wall Street is also set to open lower as investors took a more cautious view over China's vow of more yuan flexibility, while keeping a watch on home sales data out later in the session. [.N]

The Canadian dollar touched a session high against the U.S. currency, supported by inflation data that came in stronger than market expectations but eased from a month earlier. [CAD/]

European shares fell, dragged by commodity stocks and banks.

Major markets in Asia were down, however, Shanghai shares bucked the trend inching to a fresh three-week high.

Here is some news that could affect stock prices:


U.S. crude oil fell below $77 per barrel on Tuesday as stock markets slipped and on expectations that a gradual rise of China's yuan currency would have a more limited impact on global demand than anticipated. [O/R]

COPPER DIPS   Continued...