CANADA STOCKS-TSX may open lower, pressured by commodities
Oct 26 (Reuters) - Toronto's main stock index could open lower on Tuesday, hurt by falling commodity prices as the U.S. dollar steadied.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a lower open.
* U.S. stock index futures dipped, the day after the market rose to a five-and-a-half month high, while the dollar steadied. [.N]
* European stock indexes edged lower as financials fell on UBS concerns and basic resources weighed on a muted demand forecast from ArcelorMittal. [.EU]
* Asian shares dropped as the dollar steadied and uncertainty about intervention from the Bank of Japan to weaken the yen added to investor caution.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.14 percent in early trade.
* Oil consolidated to close at $83, steadying after two days of gains as the dollar rose and ahead of a report that is expected to show an increase in U.S. crude oil stockpiles. [O/R] Continued...