CANADA STOCKS-TSX may open higher; ECB meeting and U.S. job data eyed

Thu Jul 4, 2013 8:25am EDT
 
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July 4 (Reuters) - Canada's main stock index looked set to open higher on Thursday as investors shifted focus from Portugal and Egypt's political turmoil to a European Central Bank meeting ahead of Friday's U.S. and Canadian jobs data.

Volumes were expected to be much lighter than normal with the U.S. market closed for the July 4 holiday.

TOP STORIES

* Bank of Japan Governor Haruhiko Kuroda claimed some success for the central bank's aggressive monetary stimulus, saying that the economy is on track to a steady recovery with signs inflation expectations are picking up.

* Egypt will swear in an interim leader after a tumultuous 24 hours during which the army ousted President Mohamed Mursi and vast crowds celebrated in Cairo and Alexandria amid clashes that cost 14 lives.

* The European Central Bank will leave interest rates unchanged and try to reassure investors rattled by new turmoil in Europe and the U.S. Federal Reserve's plans to begin winding up its stimulus.

* The Bank of England, at its first policy meeting under new governor Mark Carney, said a recent rise in bond yields was not warranted by the state of the British economy and signaled it could give further guidance on interest rates next month.

* Angle Energy Inc said that it may sell itself as it estimated second quarter production to be about 10,800 barrels to 10,900 barrels of oil equivalent per day.

MARKET SNAPSHOT   Continued...