CANADA STOCKS-TSX set for flat open, commodities to weigh

Tue Mar 29, 2011 8:45am EDT
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March 29 (Reuters) - Toronto's main stock index looked set to open little changed on Tuesday after Monday 1.04 percent drop, with falling commodity prices still likely to weigh on shares of resource companies.


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

* U.S. stock index futures were flat on Tuesday near the quarter's end as investors took a wait-and-see stance, unsure about the impact of global crises. [.N]

* Falls in peripheral banks led European shares lower after Italian lender UBI Banca (UBI.MI: Quote) announced a capital hike, though analysts said the deal could help restore longer-term confidence in the sector. [.EU]

* Markets in Asia were mixed with Indian Sensex closing almost a percent up as investors picked up stocks ahead of the quarter end.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.53 percent in early trade.

* Oil prices fell around a dollar in a third day of declines as expectations mounted of a relatively swift restoration of supplies from OPEC member Libya. [O/R]   Continued...