CANADA STOCKS-TSX may open softer; recovery fears weigh

Mon Aug 30, 2010 8:52am EDT
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Aug 30 (Reuters) - Toronto's main stock index looked set to open softer on Monday, as concerns about the sustainability of the global economic recovery persisted even as closely watching U.S. data showed personal spending rose more than expected.


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

* U.S. stock index futures edged into positive territory on Monday after data showed U.S. consumer spending rose at the strongest pace in four months in July. [.N]

* European shares turned negative in thin trading, with London closed, as concerns about economic recovery persisted.

* Asian markets rose with the Nikkei ending up 1.8 percent after rising more than 3 percent before the Bank of Japan announcement, while Japanese government bonds pulled back sharply from their intraday lows. [nTOE67T01I]


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

* Oil dipped below $75 on Monday, chipping away at three days of gains as the bullish impact of a speech from Federal Reserve Chairman Ben Bernanke began to drain away. [O/R]   Continued...