CANADA STOCKS-TSX may open little changed on mixed resources

Fri Jun 11, 2010 8:50am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 11 (Reuters) - Toronto's main stock index could open little changed on Friday, as oil prices receded but copper and gold rose, and European stocks set a positive tone.

Stocks could get a boost from economic data released before the bell. Strong manufacturing growth drove a record jump in industrial capacity use in the first quarter, Statistics Canada reported, though factories were still operating at well below the peak reached in early 2007.[nN11107657]

European shares rose for the third day with drugmakers among the top performers. Asian stocks were up with the Nikkei gaining 1.7 percent.

Here is some news that could affect stock prices:

OIL FALLS

Oil prices fell below $75 a barrel on Friday after gaining about 5 percent this week as investors weighed prospects that the European debt crisis could slow fuel demand growth even in emerging markets such as China. [O/R]

COPPER UP

Copper reversed earlier losses to hit a one-week high on Friday as improving sentiment on economic growth supported prices, while investors mulled over mixed data from top metals consumer China. [MET/L]

GOLD RISES   Continued...