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