CANADA STOCKS-TSX may open lower on euro zone debt concerns

Mon Jan 10, 2011 8:29am EST
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Jan 10 - Toronto's main stock index futures pointed to a slightly lower open on Monday as concerns over the euro zone debt crisis dampened investors' risk appetite.


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

* U.S. stock index futures fell as renewed concerns about the euro zone sovereign debt crisis overshadowed a number of large acquisitions. [.N]

* European shares fell, as concerns over the euro zone debt crisis dampened risk appetite ahead of a flurry of bond auctions this week, and with caution prevailing ahead of the U.S. earnings season. [.EU]

* Major Asian stocks were down with markets in Hong Kong and China retreating after a report that the southwestern Chinese city of Chongqing may impose a property tax in the current quarter. Indian shares fell 2.4 percent to six-week closing lows on rate increase jitters and fund inflow slow down fears.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.17 percent in early trade.

* Oil traded around 1 percent higher after a leak shut an Alaskan pipeline that carries 12 percent of U.S. crude output, but gains were capped by a strengthening dollar due to worries about Portugal's debt. [O/R]   Continued...