CANADA STOCKS-TSX set to open lower as EU debt worries grow

Fri Nov 26, 2010 8:35am EST
 
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Nov 26 (Reuters) - Toronto's main stock index looked set to open lower on Friday as investors fled from riskier assets on worries that euro zone debt problems may spread.

European officials denied "absolutely false" reports Portugal was under pressure to seek a bailout and Spain ruled out needing help to manage its finances, despite fears of a spreading euro debt crisis. [ID:nLDE6AP08Y]

FACTORS TO WATCH

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

* U.S. stock index futures fell ahead of a shortened post-holiday session as investors fled from risk on worries that euro zone debt problems may spread. [.N]

* European shares retreated, pressured by banks and miners, as concerns about the euro zone debt crisis lingered and investors speculated other peripheral countries may also seek financial help. [.EU]

* Asian stocks were down as investors remained wary that Beijing may take more aggressive measures to curb inflation.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.78 percent in early trade.   Continued...