CANADA STOCKS-TSX may open lower as commodities weaken

Tue Jun 29, 2010 8:58am EDT
 
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June 29 (Reuters) - Toronto's resource-heavy index could open lower on Tuesday after commodity prices fell on renewed fears about global growth and worries about Europe's debt problems hit risk appetite.

Jitters mounted ahead of bank repayments worth 442 billion euros to the European Central Bank on Thursday, leaving a potential liquidity shortfall in the financial system of over 100 billion euros. [MKTS/GLOB]

Wall Street is also set for a lower start ahead of S&P Case-Shiller home price index and consumer confidence data. [.N]

European shares fell to their lowest in nearly three weeks dragged by commodities and banks. Markets in Asia also fell with China's Shanghai Composite closing more than 4 percent down and Nikkei ending 1.3 percent lower.

Investors were also shaken after Japanese industrial output fell 0.1 percent in May.

Here is some news that could affect stock prices:

OIL FALLS

Oil prices fell 2 percent to below $77 per barrel on Tuesday as stock markets slumped and risk appetite dwindled on renewed worries over euro zone debt. [O/R]

COPPER SLIPS   Continued...