CANADA STOCKS-TSX may open lower on disappointing euro zone data
May 15 (Reuters) - Canada's main stock index looked set to open lower after data showed euro zone contracted for the sixth straight quarter, marking its longest recession since 1995.
* Germany's economy crept back into growth at the start of the year but not enough to stop the euro zone from contracting for a sixth straight quarter. France slid back into recession.
* The Bank of England upgraded its growth outlook modestly 0nd penciled in a faster fall in inflation.
* First Majestic Silver Corp cut its 2013 capital expenditure by 16 percent due to a decline in silver prices and warned it could make further cuts later in the year.
* VimpelCom, with assets in Russia, Italy and various emerging markets, reported a 28 percent rise in first-quarter earnings as it cut costs, but profits lagged market expectations.
* Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.
MARKET SNAPSHOT Continued...