CANADA STOCKS-TSX may open higher, Fed policy eyed

Wed Jun 20, 2012 8:14am EDT
 
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June 20 (Reuters) - Toronto's main stock index looked set to edge higher when trade opens on Wednesday on optimism that the U.S. Federal Reserve will announce fresh steps to stimulate the economy as its policy meeting ends.

TOP STORIES

* With economic storm clouds gathering abroad and signs the U.S. recovery is flagging, the Federal Reserve may feel compelled on Wednesday to launch a new round of monetary stimulus.

* Europe won support from world leaders on Tuesday for an ambitious but slow-moving overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy.

* Greece must get its reform program back on track if the so-called troika of the European Union, IMF and European Central Bank judges that it has deviated from the plan, Bundesbank President Jens Weidmann was quoted as saying on Wednesday.

* Enbridge Inc : on Tuesday closed a major Alberta pipeline that transports oil sands-derived crude after a spill at a pump station, the second oil leak to foul regions of the Canadian province in under two weeks.

MARKET SNAPSHOT

* Canada stock futures traded up 0.21 percent

* U.S. stock futures , , were up around 0.2 to 0.4 percent   Continued...