CANADA STOCKS-TSX may open higher; Chinese and UK data support

Fri Nov 1, 2013 8:31am EDT
 
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Nov 1 (Reuters) - Canadian stock index futures pointed to a higher open on Friday after surveys showed an improvement in Chinese manufacturing activity and the fastest growth in UK export orders in more than two years.

TOP STORIES

* China's giant manufacturing sector strengthened further in October, two surveys showed, though mixed signals in important areas including export orders suggest any recovery in the world's second-largest economy will be gradual.

* The fastest growth in export orders in more than two years helped British manufacturing grow solidly last month, a survey showed, in a sign that the country's economic recovery may be gaining a broader base.

* Exxon Mobil Corp, the world's largest publicly traded oil company, reported higher-than-expected quarterly results on Thursday as output rose for the first time in more than two years, but refining weakness hurt earnings.

* American International Group Inc reported earnings nearly in line with expectations on Thursday, but the stock fell after hours as analysts still saw room for improvement in the insurer, which almost went under during the financial crisis.

MARKET SNAPSHOT

* Canada stock futures traded up 0.21 percent   Continued...