CANADA STOCKS- TSX may open low on slumping commodity prices
Jan 20 (Reuters) - Canadian stock futures pointed to a lower open on Thursday as slumping commodity prices would weigh on the resource heavy index.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a lower open.
* U.S. stock index futures fell after stronger-than-expected economic growth data from China heightened concerns the government may further tighten monetary policy [.N]
* European shares fell after data from China increased worries about further monetary tightening and its impact on growth, with miners and carmakers worst hit. [.EU]
* Cracks deepened in Asian equities, with markets set to post their worst daily performance in more than five months.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.36 percent in early trade.
* Oil prices slipped as concerns about Chinese inflation weighed on stock and commodity markets, while an unexpected build in U.S. crude supplies also helped pull prices lower. [O/R] Continued...