CANADA STOCKS-TSX may open lower on weaker oil, gold prices

Fri May 10, 2013 8:25am EDT
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May 10 (Reuters) - Canada's main stock index looked set open lower, hurt by a drop in oil and gold prices, as investors cautiously awaited comments from U.S. Federal Reserve Chairman Ben Bernanke on the possibility of continued monetary easing.


* German imports and exports rose in March slightly after falling the previous month in a further sign that Europe's largest economy is slowly pulling away from a contraction at the end of 2012 despite weakness in its euro zone neighbors.

* Japanese Prime Minister Shinzo Abe scored another small victory as the yen broke below major support of 100 to the dollar, with analysts predicting further declines over the course of the year that would underpin the export-dependent economy. [ID: nL3N0DR081]

* ArcelorMittal rebounded from a very weak end to 2012 and forecast improvement in the coming months after rising steel shipments produced a higher than expected core profit.

* TMX Group LTD reported a better-than-expected profit for the first quarter and said revenue rose 6 percent.

* Britain's BT underlined its return to form ahead of its pending pay-TV battle with BSkyB , raising its outlook after improvements across the board helped it beat forecasts and send its shares soaring.