CANADA STOCKS-TSX may open lower after overseas markets drop

Wed Aug 25, 2010 8:26am EDT
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Aug 25 (Reuters) - Toronto's main stock index could open lower on Wednesday after overseas equities dropped and weak U.S. housing figures stirred concerns about the economic recovery in Canada's biggest trading partner.


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

* U.S. stock index futures dipped on Wednesday as weakness in equities markets overseas kept traders cautious ahead of upcoming U.S. data on durable goods orders and home sales. [.N]

* European shares fell by midday on Wednesday, adding to hefty losses a day earlier, with the cut in Ireland's credit rating by Standard & Poor's weighing on sentiment and as fears persisted over the outlook for the global economy. [.EU]

* Tokyo's Nikkei average hit a 16-month closing low on Wednesday, at one point falling over 2 percent on disappointment over Japanese inaction on the strong yen, which threatens a fragile economic recovery. [.T]


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.19 percent in early trade.

* Crude bounced from a seven-week low Wednesday as investors looked for relief in U.S. oil inventory numbers due later in the day, heartened by Tuesday's figures indicating a fall in crude stocks. [O/R]   Continued...