CANADA STOCKS-TSX may open higher on stimulus hopes

Fri Aug 31, 2012 8:15am EDT
 
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Aug 31 (Reuters) - Canada's main stock index looked set to open higher on Friday ahead of a speech by U.S Federal Reserve chairman Ben Bernanke, who may acknowledge that the central bank is considering a third round of bond purchases to stimulate the economy.

TOP STORIES

* Federal Reserve Chairman Ben Bernanke will likely acknowledge the U.S. central bank is actively considering another round of monetary easing in his keynote Jackson Hole speech.

* German central bank chief Jens Weidmann's reported threat to resign has piled pressure on European Central Bank President Mario Draghi to assuage his opposition to a new bond-buying plan without tying it up in so many knots it is rendered ineffective.

* Euro zone inflation jumped more than expected in August, data showed, likely reducing chances that the European Central Bank will cut interest rates next Thursday.

* A Tokyo court ruled that Samsung Electronics' mobile devices did not violate an Apple Inc patent involved in synching mobile devices and computers, awarding the South Korean maker a victory a week after it lost a bruising landmark patent case in the U.S.

* German retail sales fell unexpectedly in July, slipping by 0.9 percent in real terms month-on-month, preliminary data showed on Friday, as consumers feeling the squeeze from higher fuel prices cut back on other items.

MARKET SNAPSHOT   Continued...