CANADA STOCKS-TSX may open higher as Fed stimulus fears ease

Thu Jun 27, 2013 8:30am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 27 (Reuters) - Canadian stock index futures pointed to a higher open on Thursday after recent U.S. economic data eased concerns that the U.S. Federal Reserve will move quickly to withdraw monetary stimulus.


* German joblessness unexpectedly dropped in June and the unemployment rate remained close to its lowest level since reunification more than two decades ago, underscoring the strength of the domestic economy.

* Britain did not suffer a double-dip recession early last year as previously thought, but household living standards suffered their biggest drop in a generation at the start of 2013.

* Dish Network Corp has bowed out of the battle for mobile service provider Clearwire Corp, marking the second major blow in less than a week against Dish chairman and founder Charlie Ergen and his plan to expand into wireless.

* Aspen Pharmacare said that it would acquire drugs and a plant from Merck in a $1 billion deal that bolsters its presence in Europe, Latin America and Asia.

* Home goods chain Bed Bath & Beyond Inc missed Wall Street's profit estimates in the first quarter as higher costs offset better-than-expected sales.

MARKET SNAPSHOT   Continued...