CANADA STOCKS-TSX set to open higher despite China worries
March 12 (Reuters) - Canada's main stock index was set to open higher on Wednesday, reversing losses in the previous session, even as commodities dropped on worries about the Chinese credit market.
* A fall in copper to near four-year lows compounded increasing concern about China's economic slowdown, sending a wave of unease through world financial markets.
* European Union member states have agreed on the wording of sanctions on Russia, including travel restrictions and asset freezes against those responsible for violating the sovereignty of Ukraine, according to a draft document seen by Reuters.
* China's first domestic bond default has shaken the copper market, stoking worries that financing deals that have locked up vast quantities of copper could unravel.
* A new free trade agreement with South Korea will throw a wrench into Canada's auto sector recovery, union leaders and an automaker warned on Tuesday, highlighting the pressure on an industry struggling with competition from Mexico.