CANADA STOCKS-TSX may open lower on weak commodities, U.S. data
Oct 27 (Reuters) - Toronto's main stock index could open lower on Wednesday, hurt by a decline in commodity prices and U.S. data showing durable goods orders rose more than expected, but fell when transportation equipment was excluded.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a lower open.
* The Canadian dollar slipped further against the U.S. dollar on Wednesday as the greenback rose broadly on speculation the U.S. Federal Reserve would take a gradual approach to quantitative easing next week. [CAD/]
* U.S. stock futures fell after durable goods orders rose more than expected in September, but fell when transportation equipment was excluded. [.N]
* European stocks were marginally higher, helped by strong bank results, as investors assessed whether improving sentiment might cause the U.S. Federal Reserve to be less aggressive in monetary easing. [.EU]
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.62 percent in early trade.
* Oil fell below $82 a barrel, snapping a three-day rally as mounting doubts about the size and timing of U.S. economic stimulus pushed up the dollar. [O/R] Continued...