CANADA STOCKS-TSX set to open little changed; eye on Fed

Wed Sep 21, 2011 8:35am EDT
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Sept 21 (Reuters) - Toronto's main stock index looked set to open little changed on Wednesday, with investors focused on the outcome of the U.S. Federal Reserve's closely-watched policy meeting.

The Federal Open Market Committee wraps up a two-day meeting with many expecting the Fed to buy longer-dated bonds in a bid to keep already-low, long-term interest rates low, if not lower. [FED/AHEAD]


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

* The Canadian dollar briefly pared losses against its U.S. counterpart after Canadian consumer price data came in stronger than expected. [CAD/]

* U.S. stock index futures were little changed as investors waited to see if the U.S. Federal Reserve launches a fresh effort to boost the sluggish economy. [.N]

* European shares fell as investors took money off the table after the previous session's jump, although tech shares outperformed on Oracle's upbeat outlook. [.EU]

* Asian markets were largely up, but Hong Kong's benchmark index ended at a two-year low, with Chinese property stocks tumbling under short selling pressure from some hedge funds. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^