CANADA STOCKS-TSX set to open lower on commodity drop, gloom

Fri Sep 23, 2011 8:21am EDT
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Sept 23 (Reuters) - Toronto's main stock index was set open lower on Friday, extending the previous day's heavy losses, as investors continue to liquidate risky assets on concerns that a struggling global economy will dent demand.


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

* U.S. stock index futures fell as talk of a Greece default gained pace and a day after markets spiraled downward on deepening worries about global economic stagnation. [.N]

* European shares fell after a fresh pledge of support from leading global economies to shore up the financial sector failed to placate markets, leaving them on course for a fifth straight month of losses. [.EU]

* Asian markets were largely down on fears of renewed recession in the developed world. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 1.50 percent in early trade.

* Brent crude oil turned lower to hit a six-week low near $103 a barrel after an initial rally faded, on concern about the outlook for the economy and oil demand. [O/R]   Continued...