CANADA STOCKS-TSX set to open flat; soft gold, oil offset Potash

Thu Jan 27, 2011 8:56am EST
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Jan 27 (Reuters) - Canadian stocks looked set to open little changed on Thursday, as lower gold and oil prices and weak U.S. jobless claims data offset strong profit gains at Potash Corp. POT.TO, the world's top fertilizer maker.


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

* U.S. stock index futures turned negative on Thursday after the U.S. jobless claims data showed employment remains a challenge for the U.S. economy. [.N]

* Gains in mining sector shares helped European shares edged higher after a softer start, although a downgrade of Japan's credit rating by Standard & Poor's limited gains. [.EU]

* Asian stocks were mixed with shares in with Shanghai's key stock index up for a second day gaining 1 percent, but fresh measures to cool China's real estate market knocked property stocks lower.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 3.22 percent in early trade.

* U.S. crude oil futures prices briefly extended losses on Thursday in choppy trading after a report showed initial jobless claims rose last week. [O/R]   Continued...