CANADA STOCKS-TSX may open higher as investors await Fed decision

Wed Dec 18, 2013 9:16am EST
 
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Dec 18 (Reuters) - Canada's main stock index looked set to open modestly higher on Wednesday as investors awaited the conclusion of a two-day U.S. Federal Reserve meeting to see if a recent string of strong economic data will lead the central bank to scale back its massive stimulus program.

TOP STORIES

* The Federal Reserve will decide whether the U.S. economy is finally resilient enough to withstand less policy support, or whether it is prudent to wait a bit longer.

* German business morale improved in December, hitting its highest since April 2012, another sign that growth in Europe's largest economy may accelerate next year after a relatively subdued 2013.

* Business sentiment among Asia's top companies dropped sharply in the fourth quarter, extending last quarter's declines, with global economic uncertainty and rising costs weighing on the region's firms, a Thomson Reuters/INSEAD survey showed.

* Britain's unemployment rate plunged to its lowest level in four-and-a-half years in October, approaching the Bank of England's threshold for considering a hike in interest rates at a far greater speed than expected.

* FedEx Corp posted higher quarterly profit as the shipping company cut costs and its express delivery segment, its biggest business, made more money.MARKET SNAPSHOT

* Canada stock futures traded up 0.34 percent

* U.S. stock futures , , were up around 0.12 percent to 0.25 percent   Continued...