CANADA STOCKS-TSX may open lower as investors turn cautious

Mon May 27, 2013 8:23am EDT
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May 27 (Reuters) - Canada's main stock index looked set to open lower, but volumes were expected to be light with the U.S. market closed for a holiday.


* The European Central Bank will stick to its expansive monetary policy for as long as necessary though it should be wary of dropping its deposit rate below zero, Executive Board member Joerg Asmussen said.

* China's industrial profits growth quickened in April from the previous month, though the government noted that the pickup was due mainly to a low comparative base, indicating that the world's second largest economy still faces slack domestic and external demand.

* A rift within the Bank of Japan's board over how to steer its radical monetary stimulus to end nearly two decades of damaging deflation underlined the early challenges Governor Haruhiko Kuroda faces in his efforts to foster sustained growth.

* The European Commission is investigating whether Apple Inc is using anti-competitive iPhone sales tactics and technical restrictions to squeeze out rival smartphone makers from the European market, according to documents seen by the Financial Times.

* French bank Societe Generale's Russian unit Rosbank has dismissed CEO Vladimir Golubkov following his prosecution for bribery and will launch a search for a successor, it said.