CANADA STOCKS-TSX may open lower on euro zone debt fears

Mon Sep 19, 2011 8:15am EDT
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Sept 19 (Reuters) - Toronto's main stock index was set to open lower on Monday as fears of a Greek default prompted investors to seek refuge in traditional safe-haven assets such as gold.


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

* U.S. stock index futures fell sharply as renewed fears of a Greek debt default prompted investors to book some of last week's gains and turn to safer assets such as gold. [.N]

* European shares fell after a regional election defeat for German Chancellor Angela Merkel and a cancellation of a U.S. visit by Greek Prime Minister George Papandreou to chair a cabinet meeting raised investor concerns over the region's debt crisis. [.EU]

* Asian markets were mostly down with Hang Seng Index hitting a 26-month low as heavy losses for Esprit Holdings Ltd and China Coal Energy led the index below its May 2010 trough. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.50 percent in early trade.

* Brent crude oil slipped below $112 a barrel as Europe stumbled over attempts to solve the euro zone debt crisis, strengthening investor fears commodity demand growth may slow. [O/R]   Continued...