CANADA STOCKS-TSX may open lower on soft oil, U.S. data

Fri Jun 25, 2010 9:02am EDT
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June 25 (Reuters) - Toronto's main stock index could open lower on Friday ahead of the weekend G20 meeting, hurt by soft oil prices and data that raised concerns about the global economic recovery.

Wall Street is also set for a softer start as stock futures turned lower after data showing U.S. economic growth was slower than previously estimated in the first quarter, dampening views on a recovery. [.N]

European shares fell, with oil shares featuring among the worst performers. Nikkei led equity market declines in Asia, falling 1.9 percent to close below its 25-day moving average.

Here is some news that could affect stock prices:


Research in Motion RIM.TO RIMM.O on Thursday reported a rise in quarterly profit that also topped expectations, but subscriber and shipment figures disappointed investors and rekindled fears that the BlackBerry maker is losing market share to Apple Inc AAPL.O and other rivals. [ID:nN21262767]


Crude slipped on Friday, mainly depressed by ample supply but underpinned by a Caribbean storm which might move towards the Gulf of Mexico, where oil facilities are clustered and BP continues to fight an oil spill. [O/R]

COPPER FALLS   Continued...