CANADA STOCKS-TSX to open lower on falling commodity prices

Fri Jan 14, 2011 8:09am EST
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Jan 14 (Reuters) - Canadian stock futures pointed to a lower open on Friday led by falling commodity prices. Retail sales data will also be in focus today.


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

* U.S. stock index futures were lower despite strong quarterly results from JPMorgan Chase as the Dow Industrials and S&P 500 looked to close out a seventh week of gains. [.N]

* European shares fell further by around midsession, with miners continuing their slide from this morning, when China raised interest rates for the seventh time since early 2010. [.EU]

* Asian stocks were mixed with Nikkei falling after a surprisingly weak settlement of options for January and a stronger yen against the dollar triggered profit-taking.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.36 percent in early trade.

* Oil weakened after China lifted lenders' reserve rate requirements by 50 basis points to tame inflation. [O/R]   Continued...