CANADA STOCKS-TSX may open lower, Fed statement in-focus

Wed Jun 19, 2013 8:38am EDT
 
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June 19 (Reuters) - Canada's main stock index looked set to open lower on Wednesday as investors turned jittery ahead of the release of the Federal Reserve's policy statement later in the day.

TOP STORIES

* Federal Reserve policymakers will likely announce that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve.

* Japan's exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding well for the government's efforts to steer the economy through market turbulence.

* Japan's SoftBank Corp cleared a major hurdle in its attempt to buy wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week.

* Fairfax Financial Holdings will raise its stake in Greek real estate firm Eurobank Properties to 42 percent from 19, parent Eurobank said.

* Vodafone is discussing a bid of about $10 billion with Germany's No. 1 cable operator Kabel Deutschland and is confident its raised all-cash offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday.

MARKET SNAPSHOT

* Canada stock futures traded down 0.2 percent   Continued...