CANADA STOCKS-TSX may open little changed, commods steady

Fri Jan 28, 2011 8:51am EST
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Jan 28 (Reuters) - Canadian stock futures pointed to little change at Friday's opening as commodity prices held steady, with investors keeping a close eye on growth data from the United States, Canada's biggest trading partner.


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

* U.S. stock index futures were little changed a day after equities hit a new 29-month high, as investors awaited a key reading on economic growth. [.N]

* European shares slipped back, with miners among the biggest fallers, and as investors awaited U.S. gross domestic product data that is expected to set short-term market direction. [.EU]

* Asian stocks fell in a broad wave of profit-taking, giving up much of this week's gains, while a ratings cut gave investors an excuse to reduce their Japanese share holdings.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.07 percent in early trade.

* U.S. crude oil futures steadied near two-month lows around $86 per barrel after talk of OPEC raising output to cool prices, while robust demand in Europe and Asia bolstered North Sea Brent. [O/R]   Continued...