CANADA STOCKS-TSX may open higher on Spanish hopes

Tue Oct 2, 2012 8:36am EDT
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Oct 2 (Reuters) - Canada's main stock index looked set for a higher open on Tuesday, as euro zone worries eased after a report ignited expectations of an imminent bailout request from Spain.


* Spanish Prime Minister Mariano Rajoy told regional leaders of his party that the state would not seek a euro zone bailout this weekend, news agency Europa Press reported.

* European officials told Reuters late on Monday that Spain was ready as early as next weekend to ask the euro zone and the European Central Bank to start buying its bonds, but Germany had signaled it should hold off.

* Banks should separate deposit taking from trading and other high-risk investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said.

* Euro zone factory prices jumped unexpectedly in August and by the biggest margin since January as rising oil prices increased inflation pressures across the bloc, limiting the European Central Bank's ability to cut interest rates again to support the shrinking economy.

* A U.S. court removed a temporary sales ban against Samsung Electronics Co Ltd's Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean company to sell the product in the U.S.

MARKET SNAPSHOT   Continued...