CANADA STOCKS-TSX may open little changed after weak data

Wed Jun 30, 2010 9:09am EDT
 
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June 30 (Reuters) - Toronto's main stock index looked set to open little changed on Wednesday, as unexpectedly weak economic data offset gains in the prices of some commodities.

U.S. stock index futures were flat on Wednesday, paring gains after a U.S. report showed the private sector added fewer jobs this month than expected.[.N]

And a report showed Canada's economy unexpectedly stalled in April on a slide in retail sales, suggesting the pace of growth will slow in the second quarter after the fastest growth in a decade in the first quarter. [ID:nN30434455]

Asian stocks fell ending the second quarter with their worst performance since the collapse of Lehman Brothers, as investors got out of shares and high-yielding currencies.

Here is some news that could affect stock prices:

OIL RISES

Oil rose by one percent on Wednesday to move back above $76 a barrel, but was still headed for its first quarterly drop since 2008 as stresses in financial markets weighed on expectations about the pace of recovery. [O/R]

COPPER UP

Copper prices rose on Wednesday, echoing gains in equities and the euro, and bouncing back from the previous session's steep falls, but gains looked fragile as concerns about global demand prospects persisted. [MET/L]   Continued...