CANADA STOCKS-TSX may open lower on emerging market, China concerns

Mon Feb 3, 2014 8:21am EST
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Feb 3 (Reuters) - Canada's main stock index pointed to a lower open on Monday as strains in emerging markets show little sign of abating and data showed China's economy is losing momentum. TOP STORIES

* Euro zone factories enjoyed their strongest month since mid-2011 in January as new orders flooded in, prompting them to take on new staff for the first time in two years, business surveys showed.

* Asian manufacturing outside China showed signs of solid expansion in January as order books swelled, but factories in the region's giant struggled for growth, heightening concerns about an economic slowdown.

* Artificial knee and hip maker Smith & Nephew said it had agreed to buy medical devices company ArthroCare Corp for $1.7 billion in cash to strengthen its sports medicine business.

* Julius Baer has suffered a double blow as yearly earnings fell short of expectations and clients transferring from recently acquired Merrill funds were set to reach only the low end of its target range.MARKET SNAPSHOT

* Canada stock futures traded down 0.11 percent

* U.S. stock futures , , were mixed around -0.17 percent to 0.29 percent

* European shares, were up COMMODITY PRICE MOVES

* Thomson Reuters-Jefferies CRB Index : 284.1641; rose 0.08 percent   Continued...