CANADA STOCKS-TSX looks set to open lower on commodities

Tue Apr 27, 2010 8:47am EDT
 
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April 27 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday as commodity prices fell, weighed by stronger U.S. dollar.

Wall Street is also seen opening lower after Germany demanded new austerity measures from Greece. [.N]

Markets will also be closely watching Goldman Sachs' (GS.N: Quote) CEO Lloyd Blankfein's testimony before a Senate panel looking into the subprime mess.

European shares snapped two-day rally on jitters over the potential effect of Greece crisis on other euro zone economies.

Asian equities fell with Chinese shares down more than 2 percent on fears that banks in China may be preparing for a round of heavy fundraising

Here is some news that could affect stock prices:

OIL SLIPS ON STOCKPILES

Oil slipped below $84, pulled lower by expectations of a rise in U.S. stockpiles and nagging concerns Greece's economic trauma could have knock-on effects on the wider economy and demand for fuel. [O/R]

GOLD EASES   Continued...