CANADA STOCKS-TSX may open lower, U.S., euro zone data weigh

Tue Jun 4, 2013 8:24am EDT
 
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June 4 (Reuters) - Canada's main stock index looked set to open lower on Tuesday after ending its lowest in more than two weeks in the previous session, as investors paused on uncertainty surrounding the U.S. Federal Reserve's bond-buying program coupled with weak U.S. and euro zone data.

TOP STORIES

* Japan's government is set to urge the nation's public pension funds - a pool of over $2 trillion - to increase their investment in equities and overseas assets as part of a growth strategy being readied by Prime Minister Shinzo Abe, according to people with knowledge of the policy shift.

* Euro zone producer prices fell further in April on a sharp decline in energy costs, marking the biggest month-on-month decrease since July 2009, figures released showed.

* Web-based software maker Salesforce.com Inc said it would buy marketing software provider ExactTarget for about $2.5 billion in cash.

* Discount chain Dollar General reported a 3 percent increase in quarterly profit as growth in its consumables business, which includes packaged food and cleaning products, more than offset weak sales of weather-sensitive products.

* Steven A. Cohen's embattled hedge fund SAC Capital Advisors is facing a much tougher and less glamorous future, as outside investors pull the bulk of their money from the firm in the wake of an ongoing insider trading probe.

MARKET SNAPSHOT

* Canada stock futures traded down 0.07 percent   Continued...