CANADA STOCKS-TSX may open higher as U.S. results ease worries

Tue Oct 16, 2012 8:49am EDT
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Oct 16 (Reuters) - Canada's main stock index looked set to open higher on Tuesday, taking cues from global markets, as worries over third-quarter earnings subsided after stronger-than-expected Citigroup earnings and recent encouraging retail sales data from the world's largest economy.


* European Union governments imposed sanctions against major Iranian state companies in the oil and gas industry, and strengthened restrictions on the central bank, cranking up financial pressure over Tehran's nuclear programme.

* German Finance Minister Wolfgang Schaeuble has called for a great leap forward in European integration ahead of a summit of EU leaders, urging the creation of a new commissioner with power over budgets and reform of European Parliament decision-making.

* Euro zone inflation was unchanged in September from a month earlier, after the EU's statistics office revised down its first estimate, and the reading might have been lower were it not for a double-digit jump in clothing prices ahead of Europe's winter.

* Insurer UnitedHealth Group Inc reported a 23 percent rise in third-quarter earnings as enrollment in its health plans increased and its technology and service business grew.


* Canada stock futures traded up 0.22 percent

* U.S. stock futures , , were up around 0.17 percent to 0.36 percent   Continued...