{"id":8835,"date":"2012-03-12T15:07:31","date_gmt":"2012-03-12T13:07:31","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/canada-stocks-tsx-may-open-lower-on-weak-chinese-data\/"},"modified":"2012-03-12T15:07:31","modified_gmt":"2012-03-12T13:07:31","slug":"canada-stocks-tsx-may-open-lower-on-weak-chinese-data","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/canada-stocks-tsx-may-open-lower-on-weak-chinese-data\/","title":{"rendered":"CANADA STOCKS-TSX may open lower on weak Chinese data"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">March 12<\/span> (Reuters) &#8211; Canada&#8217;s resource-heavy main<br \/>\nstock index looked set to open lower on Monday, hurt partly by a<br \/>\ndrop in commodity prices after weak trade data from China.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>China&#8217;s trade balance plunged $31.5 billion into the red in<br \/>\nFebruary as imports swamped exports to leave the largest deficit<br \/>\nin at least a decade and fuel doubts about the extent to which<br \/>\nfrail foreign demand or seasonal distortion drove the drop.<\/p>\n<p><span><\/span><\/p>\n<p>FACTORS TO WATCH<\/p>\n<p><span><\/span><\/p>\n<p>* Canadian equity futures pointed to a lower open.<\/p>\n<p><span><\/span><\/p>\n<p>* U.S. stock index futures were little changed as economic<br \/>\ndata in China gave investors reason to pause after a 3-day<br \/>\nrally.<\/p>\n<p><span><\/span><\/p>\n<p>* European stocks reversed early losses and turned slightly<br \/>\npositive, reviving a three-session rally as investors shrugged<br \/>\noff grim Italian GDP data and the triggering of Greek credit<br \/>\ndefault swaps to chase euro zone banking stocks higher.<\/p>\n<p><span><\/span><\/p>\n<p>* China will encourage the value of its yuan currency to be<br \/>\nset by the market and step back from intervention &#8220;in an orderly<br \/>\nmanner&#8221;, while keeping policy flexible to support credit growth<br \/>\nin the face of volatile capital flows, the central bank said.<\/p>\n<p><span><\/span><\/p>\n<p>COMMODITY PRICE MOVES<\/p>\n<p><span><\/span><\/p>\n<p>* The Thomson Reuters-Jefferies CRB index, a global<br \/>\ncommodities benchmark, fell 0.72 percent in early trade.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 12 (Reuters) &#8211; Canada&#8217;s resource-heavy main stock index looked set to open lower on Monday, hurt partly by a drop in commodity prices after weak trade data from China. China&#8217;s trade balance plunged $31.5 billion into the red in February as imports swamped exports to leave the largest deficit in at least a decade [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8835","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8835"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}