CANADA STOCKS-TSX may open little changed; gold, oil support

Mon Sep 27, 2010 8:53am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO, Sept 27 (Reuters) - Toronto's main stock index could open little changed on Monday, helped by firmer oil prices and record high gold, even as lower equity futures suggested investors remain concerned about the economic outlook.

FACTORS TO WATCH

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

* U.S. stock index futures edged higher on Monday following four weeks of gains for Wall Street as investors eyed a series of merger-and-acquisition deals, a sign that companies are seeing value in the market. [.N]

* European shares gained on Monday, with Unilever lifting the food and beverage sector higher after the consumer goods giant said it is to acquire a U.S. hair care company for $3.7 billion. [.EU]

* Markets in Asia were up with Hong Kong stocks closing at their highest level in more than eight months amid growing investor appetite for Asian equities, with local property developers continuing their strong run.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.38 percent in early trade.

* Oil hovered below $77 a barrel on Monday, as the outlook for global economic recovery and future energy demand remained uncertain. [O/R]   Continued...