CANADA STOCKS-TSX may open lower on euro zone debt concerns
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.
FACTORS TO WATCH
* 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.
COMMODITY PRICE MOVES
* 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...