CANADA STOCKS-TSX may open higher, investors focus on Fed meeting

Wed Sep 18, 2013 8:16am EDT
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Sept 18 (Reuters) - Canada's main stock index looked set to open slightly higher on Wednesday with investors' attention focused on the U.S. Federal Reserve's policy meeting in which the central bank is expected to wean off its ultra easy monetary policy.


* The U.S. Federal Reserve is expected to begin its long retreat from ultra-easy monetary policy by announcing a small reduction in its bond buying, while stressing that interest rates will remain near zero for a long time to come.

* China's new home prices rose at the fastest rate in at least 2-1/2 years in August, with some large cities rising around double the national pace, complicating government efforts to keep prices in check while supporting one of the stronger areas of the economy.

* BlackBerry Ltd launched its new Z30 flagship smartphone on Wednesday, as it battles to win back market share despite uncertainty around its future.

* Adobe Systems Inc, known for its Photoshop and Acrobat software, expects subscriber growth to top the 331,000 it added in the third quarter due to strong demand from corporate customers.

MARKET SNAPSHOT   Continued...