CANADA STOCKS-TSX may open lower, Fed caution offsets Chinese data

Mon Dec 9, 2013 8:25am EST
 
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Dec 9 (Reuters) - Canadian stock index futures pointed to a lower open on Monday despite positive Chinese data, bucking the global market trend, as investors remained cautious about the potential timing of a scaling down of Federal Reserve stimulus.

TOP STORIES

* China's exports handily beat forecasts in November, adding to recent evidence of a stabilisation in the world's second-largest economy as its leaders embark on an ambitious restructuring plan.

* Germany's trade surplus fell in October as firms' and households' increased appetite to spend saw import growth far outpace that of exports - a welcome move for struggling euro zone peers anxious to sell more to Europe's largest economy.

* Eight U.S. web giants have joined hands to start a public campaign for new limits on how governments collect user information amid concerns of growing online surveillance.

* KKR & Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc's South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter said.

MARKET SNAPSHOT   Continued...