CANADA STOCKS-TSX set to open little changed; data, banks weigh

Thu May 26, 2011 8:49am EDT
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May 26 (Reuters) - Toronto's main stock index looked set to open little changed on Thursday, weighed by disappointing U.S. economic data, lower commodity prices and some Canadian bank results that came in slightly below expectations.


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

* European shares edged lower, giving up some gains from the previous session, as concerns over Greece's debt woes still prevailed. [.EU]

* Asian stocks were higher, led by resources and consumer sectors, with Nikkei share average climbing 1.5 percent, boosted by short-covering in battered shares as well as the launch of two investment trusts this week.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.13 percent in early trade.

* Oil retreated , as investors focused on disappointing economic data, but dollar weakness and increasing violence in the Middle East helped limit losses. [O/R]

* Gold eased after a sharp sell-off in the silver market, but still remained within sight of three-week highs, supported by investors seeking perceived havens from the worsening euro zone debt crisis. [GOL/]   Continued...