Sept 1 (Reuters) - Toronto’s main stock index looked set to open lower on Thursday as commodity prices slipped while investors keep a close watch on U.S. labor and manufacturing data for clues on the state of the world’s largest economy.
A survey showing euro zone manufacturing activity contracted for the first time in almost two years may weigh on Canadian stocks as well, fueling concern about the region’s debt crises.
* Canadian equity futures <0#SXF:> pointed to a lower open.
* U.S. stock index futures fell on Thursday following strong gains over the past several sessions as investors awaited labor and manufacturing data for clues on the state of the economy. [.N]
* European shares fell, snapping a three-day rally, with miners lower on weaker copper prices after Chinese export orders fell. [.EU]
* Asian markets rose with the Nikkei average above 9,000 for the first time in two weeks. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 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 0.36 percent in early trade.
* Brent crude fell below $114 a barrel as European data showed a sharp slowdown in manufacturing, raising fears of slower economic growth and a decline in fuel demand. [O/R]
* Gold prices recovered some early losses after European stock markets fell, snapping a three-day rally, and as investors weighed up the prospect of a fresh round of quantitative easing from the U.S. Federal Reserve. [GOL/]
* Copper fell on weak export orders from big metal consumer China and a survey showing a contraction in manufacturing activity in the euro zone, but supply concerns kept a floor under prices. [MET/L]
* Toronto-Dominion Bank (TD.TO): The lender’s quarterly profit rose 23 percent due to stronger loan volumes, prompting the company to raise its dividend, it said. [ID:nN1E77U1CO]
* Mosaid Technologies MSD.TO: The patent licensing firm bought Luxembourg-based Core Wireless Licensing S.a.r.l in a deal that adds nearly 2000 telecom and wireless patents to its portfolio. [ID:nL4E7K121Z]
* Golden Predator Corp. GPD.TO: The company said it acquired the Livingstone district in the Yukon, raising its land holdings in the region by about 43 percent. [ID:nL4E7K11W1]
* Cameco Corp. (CCO.TO): The uranium producer said it signed an agreement with its partner, Kazatomprom, to increase annual uranium production at Joint Venture Inkai LLP to 5.2 million pounds from 3.9 million pounds. [ID:nL4E7K1026]
Following is a summary of research actions on Canadian companies reported by Reuters. [RCH/CA]
* Bombardier Inc (BBDb.TO) price target cut to C$8 from C$8.50 at CIBC
* CIBC (CM.TO) price target cut to C$87 from C$89; rating sector perform at National Bank
* North American Energy Partners Inc (NOA.TO) price target raised to C$7.50 from C$7 at CIBC
$1= $0.98 Canadian Reporting by Kishan Nair; Editing by Frank McGurty