CANADA STOCKS-TSX may open weaker, hurt by RIM warning

Fri Apr 29, 2011 8:24am EDT
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April 29 (Reuters) - Toronto's main stock index looked set to open weaker on Friday, hurt by an unexpected earnings warning from Blackberry maker Research In Motion RIM.TO.

RIM stunned investors with a steep downward revision of its current quarter forecasts on Thursday, saying it expects to ship fewer BlackBerry smartphones but maintained its robust full-year guidance. [ID:nN28285540]

Separately, Lundin Mining (LUN.TO: Quote) shares could rise on a newspaper report that a Chinese-led group plans to bid for copper producer. [ID:nLDE73S0T6]


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

* U.S. stock index futures pointed to a flat to lower open for Wall Street, reversing gains from the previous session on the last trading session of the month. [.N]

* European shares drifted lower, snapping a six-session winning streak, with investors taking profits from eight-week highs on a day when volumes were low as the UK market was closed for a royal wedding holiday. [.EU]

* Asian stocks were in red with Hong Kong shares falling for a fourth straight session and China's markets suffered their worst weekly performance this year as investors cut back on risk heading into a long weekend, fearing Beijing may announce further policy tightening measures.