CANADA STOCKS-TSX may open lower despite strong euro data

Wed Feb 5, 2014 8:28am EST
 
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Feb 5 (Reuters) - Canada's main stock index looked set to reverse the previous session's gains on Wednesday even as upbeat euro zone economic data pointed to a gradual recovery in the currency bloc.

TOP STORIES

* The euro zone's private sector logged its busiest month in 2-1/2 years in January as buoyant manufacturing growth outshone a more modest expansion in services activity, surveys showed.

* Time Warner Inc reported a better-than-expected 5 percent rise in quarterly revenue, helped by growth in its Warner Bros movie studio business and premium TV service Home Box Office.

* Merck & Co Inc reported lower sales, just below Wall Street estimates, hurt by competition from cheaper generic medicines.

* TMX Group Ltd reported a fourth-quarter profit that comfortably beat analysts' estimate as trading activity improved.

* Intact Financial Corp reported a 40 percent drop in fourth-quarter profit, hurt mainly by severe winter weather, but raised its dividend.

MARKET SNAPSHOT

* Canada stock futures traded down 0.19 percent   Continued...