CANADA STOCKS-TSX may open lower, Fed uncertainty lingers

Wed Jun 5, 2013 8:23am EDT
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June 5 (Reuters) - Canada's main stock index looked set to open lower on Wednesday as market concerns that the Federal Reserve might end its monetary easing policy offset data that showed euro zone business activity eased at a slightly slower pace in May.


* Euro zone business activity shrank at a slightly slower pace last month, but a chronic shortage of new orders means an economic recovery still looks some way off, business surveys showed.

* Prime Minister Shinzo Abe pledged to raise incomes by 3 percent annually and set up special economic zones to attract foreign businesses in a third tranche of measures aimed at boosting Japanese growth.

* Activity in China's services sector expanded in May but at a pace little changed from the month before, the latest sign that the world's No. 2 economy is struggling to regain momentum.

* Samsung Electronics scored a victory over rival Apple in their long-running dispute over mobile device patents after a U.S. trade agency issued an order banning older but still-popular Apple products from the U.S. market.

* Brazil is closer to choosing Boeing's F-18 for one of the developing world's most sought-after defense contracts after U.S. Vice President Joe Biden addressed the government's main misgivings during a visit to Brasilia, officials told Reuters.


* Canada stock futures traded down 0.39 percent   Continued...