CANADA STOCKS-TSX may open lower, China data fuels growth fears

Mon Sep 10, 2012 8:33am EDT
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Sep 10 (Reuters) - Toronto's main stock index looked set to open lower after Chinese data increased worries about the slowing global economy, with investors also looking ahead to potential U.S. Federal Reserve stimulus and a German constitutional court ruling on the euro zone's bailout fund.


* Weak Chinese trade data on Monday underlined the likelihood of more Beijing-backed spending to deal with the damage done to the domestic economy by firms cutting production, inventories and imports in the face of anemic global demand.

* Commodities trader Glencore laid out its raised $36 billion all-share bid for Xstrata on Monday, warning it would not improve the terms again after making concessions to recalcitrant shareholders.

* Greek Prime Minister Antonis Samaras sought on Monday to bridge differences with the country's lenders over a near 12-billion-euro austerity package, after they rejected parts of the plan that Athens hopes will unlock further aid payments.

* Plains Exploration & Production Co said it will buy BP Plc's interests in some deepwater Gulf of Mexico oil and gas properties for $5.55 billion.

* Talisman Energy Inc , Canada's No. 5 independent oil explorer, said Chief Executive John Manzoni has stepped down, effective immediately.   Continued...