CANADA STOCKS-TSX to open lower on EU debt worries, soft growth

Tue Nov 30, 2010 9:04am EST
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Nov 30 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday as investors remain worried about European debt levels and data showing Canada's economy grew by less than expected in the third quarter.


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

* U.S. stock index futures were lower as worries persisted over euro zone debt and ahead of key data that will indicate the strength of a recovery in the world's largest economy. [.N]

* Canada's economy disappointed in the third quarter with the weakest growth rate in a year, while the economy shrank outright in September, adding pressure on policy makers to safeguard the patchy recovery. [ID:nN30202447]

* European shares drifted higher from the previous day's eight-week closing lows, though persistent worries that the debt crisis could spread to other weak euro zone countries forced investors to stay cautious. [.EU]

* Markets in Asia were largely lower with Nikkei down almost 2 percent, as a tumble in Chinese shares on liquidity worries pushed investors to book profits on a sharp rally for Japan stocks this month.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.30 percent in early trade.   Continued...