CANADA STOCKS-TSX may open lower, US GDP eyed

Fri Oct 29, 2010 9:04am EDT
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Oct 29 (Reuters) - Canada's stock indexes could open lower on Friday as commodity prices fell.


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

* U.S. stock index futures briefly pared losses in choppy action on Friday after the government said economic growth edged up, as expected, in the third quarter. [.N]

* European shares fell by midday, with mining shares under pressure as the dollar edged up across the board and investors stayed cautious ahead of the release of U.S. third-quarter gross domestic product. [.EU]

* Asian stocks too ended lower dragged by Nikkei down 1.8 percent on signs of sluggish consumer electronics demand in Japan.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.1 percent in early trade.

* Oil fell toward $81 a barrel on a stronger dollar and signs that U.S. economic growth was slack in the third quarter, leaving expectations for monetary easing from the U.S. Federal Reserve unchanged. [O/R]   Continued...