CANADA STOCKS-TSX may open higher, strong data buoys

Wed Jan 8, 2014 8:26am EST
 
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Jan 8 (Reuters) - Canada's main stock index looked set to extend previous session's gains on Wednesday as positive U.S. and euro zone data pointed to a gradual global economic recovery.

TOP STORIES

* Euro zone unemployment was unchanged at a record high for the eighth month in a row in November, data showed, but retail sales made the biggest monthly jump in 12 years.

* German exports rose for the fourth consecutive month in November as trade picked up, especially to European Union countries outside the euro, in a sign Europe's largest economy is benefiting from an early global upturn.

* U.S. federal regulators are probing whether several big banks deliberately mispriced mortgage bonds in the years following the financial crisis, the Wall Street Journal reported, citing people close to the inquiry.

* Microsoft Corp is closer to naming a new chief executive, according to a source familiar with the board's thinking, but it lost a front-runner candidate on Tuesday when Ford Motor Co's chief, Alan Mulally, said he would not be going to the software giant.

MARKET SNAPSHOT

* Canada stock futures traded up 0.12 percent   Continued...