CANADA STOCKS- TSX may open low on slumping commodity prices

Thu Jan 20, 2011 8:05am EST
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Jan 20 (Reuters) - Canadian stock futures pointed to a lower open on Thursday as slumping commodity prices would weigh on the resource heavy index.


* 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.


* 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...