CANADA STOCKS-TSX may open lower on commodities, Greece

Wed Apr 28, 2010 8:45am EDT
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April 28 (Reuters) - Toronto's main stock index could open lower on Wednesday, weighed by weak commodity prices as the U.S. dollar hit a one-year high versus the euro and as investors fret over Greece and Portugal's debt problems.

European equities hit a seven-week low as banks took a pounding on concerns about euro zone debt contagion.

Wall Street is set for a slightly higher open, after previous session's steep sell-off, ahead of the Federal Reserve's interest rate decision and statement on the economy. [.N]

The Fed is expected to conclude a two-day policy meeting by keeping interest rates near zero and repeating its vow to keep rates low for an extended period.

Asian stocks fell with the news China would place a moratorium on capital raising by real estate firms as part of a broader campaign to rein in property price rises.

Here is some news that could affect stock prices:


Oil fell for the third straight session taking losses this week to 4 percent on excess crude supplies in the United States and widespread fears a possible debt default in Greece could derail the recovery. [O/R]

COPPER AT MONTH LOW   Continued...