CANADA STOCKS-TSX may open lower ahead of Fed's policy meet

Tue Sep 17, 2013 8:20am EDT
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Sept 17 (Reuters) - Canadian stock index futures pointed to a lower open on Tuesday as investors turned cautious ahead of the U.S. Federal Reserve's two-day policy meeting, which starts later in the day.


* Britain has raised 3.2 billion pounds from the sale of a 6 percent stake in Lloyds Banking Group, marking a milestone in the economy's recovery from the 2008 financial crisis.

* Federal Reserve Vice Chair Janet Yellen became the front runner for the U.S. central bank's top job when President Barack Obama's preferred candidate, former adviser Larry Summers, withdrew, sources familiar with the situation said on Monday.

* The euro zone's trade surplus widened in July thanks to a revival in exports, another sign that sales to the rest of the world are proving to be central to the bloc's recovery.

* Beauty products maker Coty Inc reported a better-than-expected adjusted profit in its first quarterly results as a public company, mainly due to strong sales of branded perfumes such as Marc Jacobs and Chloe in Asia.

* Huntsman Corp said it would combine its pigment business with Rockwood Holdings Inc's as part of a $1.1 billion deal and eventually take the business public.