CANADA STOCKS-TSX may open lower after weak Chinese data

Fri Sep 30, 2011 8:23am EDT
 
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Sept 30 (Reuters) - Toronto's main stock index looked set to open lower on Friday, hurt by falling oil prices and compounding pessimism over global growth after weak manufacturing data in China

FACTORS TO WATCH

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

* U.S. stock index futures fell after data showing a continued contraction in China stirred fears the global economy was slowing. [.N]

* European shares extended losses as investor fears for a global economic slowdown mounted. [.EU]

* Asian equities also dropped, extending the worst monthly performance since the most volatile days of the global financial crisis in October 2008. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.58 percent in early trade.

* Brent crude futures extended losses, falling by over $1 as investor fears about the state of the global economy weighed on demand sensitive assets. [O/R]   Continued...