CANADA-STOCKS-TSX may open higher on strong European data

Mon Dec 16, 2013 8:53am EST
 
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Dec 16 (Reuters) - Canada's main stock index pointed to a higher open on Monday as strong European economic data offset mixed Asian economic news, though investors were still focusing on when the U.S. Federal Reserve might begin to taper its monetary stimulus. TOP STORIES

* Euro zone businesses ended the year on a high as new orders surged, but the chasm between a resurgent Germany and wilting France has widened this month, surveys showed.

* Growth in activity in China's vast factory sector slowed to a three-month low in December as reduced output offset a pickup in new orders, a preliminary private survey showed, in line with other recent data pointing to a resilient but slowing economy.

* Insurer American International Group Inc said it would sell its aircraft-leasing business to AerCap Holdings NV in a deal valued at about $5.4 billion.

* BP has signed 30-year deals to develop Oman's Khazzan tight gas project at an estimated investment of $16 billion, that will help the Omani economy to keep growing and bolster flagging gas exports.

* Barrick Gold Corp is laying off roughly 1,500 of its approximately 5,000 workers on the Argentine side of its suspended Pascua-Lama gold mine project, a local government spokesman said on Saturday.

MARKET SNAPSHOT

* Canada stock futures traded up 0.56 percent

* U.S. stock futures , , were up around 0.54 percent to 0.59 percent   Continued...