CANADA STOCKS-TSX may open lower after Merkel's comments

Fri Aug 24, 2012 8:48am EDT
 
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Aug 24 (Reuters) - Canadian stock futures pointed to a slightly lower on Friday after cautious comments by German Chancellor Angela Merkel on ending the euro zone debt crisis.

TOP STORIES

* Angela Merkel said on Friday after meeting Greek premier Antonis Samaras that Germany would not judge his country's performance on its reform targets prematurely but would await a report by the "troika" of international lenders due next month.

* The U.S. Federal Reserve should take action to bring down unemployment, including by buying more bonds, a top Federal Reserve official known for his dovish policy views said on Thursday.

* Public opinion and reciprocity will be important issues for Canada as it weighs whether to allow the $15 billion bid by Chinese oil company CNOOC Ltd for Nexen Inc, Prime Minister Stephen Harper said on Thursday.

* Britain's economy shrank less than first thought in the second quarter despite a hefty drag from trade, but the wider picture of economic weakness was little changed, data showed.

* Samsung Electronics Co's flagship Galaxy smartphone looks very similar to Apple's iPhone, but the South Korean firm has not violated the iPhone design, a Seoul court ruled.

MARKET SNAPSHOT

* Canada stock futures traded down 0.03 percent   Continued...