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.

FACTORS TO WATCH

* 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 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.

COMMODITY PRICE MOVES

* 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...