CANADA STOCKS-TSX may open higher, stimulus fears still weigh

Wed Jun 12, 2013 8:57am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 12 (Reuters) - Canadian stocks looked set to open higher on Wednesday after the previous session's sell off, though gains could be capped by fears that major central banks might begin to wind down their monetary easing policies.

TOP STORIES

* MSCI, the most widely used equity index provider, prompted market fears about both Greece and Egypt, after demoting the former and then raising concerns about getting money out of the latter.

* Industrial output from euro zone factories defied market expectations of a month-on-month decline and rose in April, data showed, but the pace of expansion was slowed by a drop in production of energy and durable consumer goods.

* Vodafone said it had made an approach to buy Germany's biggest cable company Kabel Deutschland in what could be its largest deal since 2007 and mark a departure from its roots as a pure mobile operator.

* Oil sands developer Cenovus Energy Inc said on Tuesday that Surge Energy Inc will pay C$240 million for its properties in the Shaunavon tight oil field in Saskatchewan.

* Three of the largest U.S. Internet companies called on the U.S. government to provide greater transparency on national security requests on Tuesday, as they sought to distance themselves from reports that portrayed the companies as willing partners in supplying mass user data to security agencies.

MARKET SNAPSHOT

* Canada stock futures traded up 0.6 percent   Continued...