CANADA STOCKS-TSX may open higher on Fed stimulus hopes

Tue Jun 19, 2012 9:02am EDT
 
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June 19 (Reuters) - Toronto's main stock index looked set to open higher on Tuesday as investors awaited signs from a two-day Federal Reserve policy meeting that the U.S. central bank was ready to provide further support for Canada's largest trading partner.

TOP STORIES

* U.S. Treasury prices were broadly steady on Tuesday as investors looked to a two-day Federal Reserve meeting starting later in the day for signs that the U.S. central bank will provide further support to the world's largest economy. 

* Spain's short-term borrowing costs rose to their highest level since 1997 in a debt sale as investors worried the country will soon be forced to ask for international aid.

* German analyst and investor sentiment fell in June at its fastest rate since October 1998, with the worsening of Spanish banking sector and uncertainty over Greek election outcome likely to blame for the drop, a survey showed.

* Greece's conservatives said they are poised to form a coalition government with the Socialists, allowing the two parties that dominated politics for decades to share power despite a major anti-establishment election vote.

* Sierra Leone has ratified an agreement for Talisman Energy to explore for oil after the firm took over a majority stake in an offshore block, an energy official in the country said.

MARKET SNAPSHOT

* Canada stock futures traded up 0.09 percent   Continued...