August 18, 2011 / 12:29 PM / 8 years ago

CANADA STOCKS-TSX may open lower on global growth worry

Aug 18 (Reuters) - Toronto’s main stock index looked set to open lower on Thursday as commodity prices declined on heightened worries about sluggish global economic recovery, prompting investors to cut exposure to riskier assets.


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

* U.S. stock index futures sank as a gloomy forecast on global growth and worries about the European debt crisis shook up investors ahead of data on jobless claims and consumer prices. [.N]

* European shares extended losses, with Germany’s DAX falling about 4 percent. [.EU]

* Japan’s Nikkei fell for a second straight day and dropped below the closely watched 9,000 line, hurt by the yen’s persistent strength and fears the United States might be heading for another recession. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada — a preview of market moving news — Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 1.02 percent in early trade.

* Brent crude fell to below $110, dropping from two-week highs, with worries about euro zone debt problems and slower global growth outlook pressing on prices. [O/R]

* Gold rallied back towards record highs above $1,800 an ounce, driven by unease over the lack of a solution to the European debt crisis and sluggish growth in the developed world [GOL/]

* Copper prices sagged as the euro zone debt crisis and worries about a slowdown in top consumer China reinforced gloomy growth and demand prospects, while a higher dollar also undermined sentiment. [MET/L]


* Thomson Reuters Corp. (TRI.TO): The provider of information and news to financial, legal and accounting professionals bought Chicago-based crop forecaster Lanworth Inc., expanding its commodity analytics group with a company that was an early leader in the use of satellite imagery to predict crop size. [ID:nN9E7IJ004]

* JDS Uniphase Corp. JDU.TO: The provider of broadband and optical communication components forecast weak first-quarter revenue on macro-economic challenges and inventory corrections but said booking trends were encouraging. [ID:nL3E7JH3FA]

* WiLan WIN.TO. The technology licensing company is making an unsolicited all-cash offer to buy fellow patent company Mosaid MSD.TO for about C$480 million. [ID:nN1E77G1WU]


Following is a summary of research actions on Canadian companies reported by Reuters. [RCH/CA]

* ATS Automation Tooling Systems Inc (ATA.TO) price target cut to C$7.50 from c$8.50 at CIBC ($1= $0.99 Canadian) (Reporting by Shrutee Sarkar)

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