CANADA STOCKS-TSX set to open little changed; commodities steady

Thu Dec 30, 2010 8:26am EST
 
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Dec 30 (Reuters) - Toronto's main stock index looked set to open little changed on Thursday, supported by steady commodity prices, with investors likely to take cues from U.S. economic data.

FACTORS TO WATCH

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

* U.S. stock index futures were little changed as investors' awaited economic data for insight on the strength of the economic recovery heading into 2011. [.N]

* European equities hit their lowest level in more than a week as a drop in crude oil prices dragged down energy shares, while a fall in China Purchasing Mangers' Index hurt market sentiment. [.EU]

* Markets in Asia cemented gains largely but with an exception to Nikkei which ended down, pressured by profit-taking as the yen advanced to a fresh seven-week high against the dollar.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.06 percent in early trade.

* Oil prices slipped under $91 in thin trading volumes before the release of the latest weekly U.S. oil inventory data, which is expected to show a drawdown in crude stocks for the fourth consecutive week. [O/R]   Continued...