CANADA STOCKS-TSX may open lower, pressured by commodities

Tue Oct 26, 2010 8:52am EDT
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Oct 26 (Reuters) - Toronto's main stock index could open lower on Tuesday, hurt by falling commodity prices as the U.S. dollar steadied.


* 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.


* 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...