CANADA STOCKS-TSX may open higher as tensions over Ukraine abate

Tue Mar 4, 2014 8:31am EST
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March 4 (Reuters) - Canadian stock index futures pointed to a higher open on Tuesday as Russian President Vladimir Putin ordered troops in military exercises on the border with Ukraine to return to their bases, calming worries over a possible war in the region.


* President Vladimir Putin said that Russia saw no need to use military force in the Crimea region of Ukraine for now, easing East-West tension over fears of war in the former Soviet republic. [ID: nL6N0M10DO]

* A steep fall in energy costs brought down euro zone producer prices faster than expected in January, data showed on Tuesday, underlining deflationary risks ahead of a European Central Bank policy meeting.

* Bank of Nova Scotia reported a 6 percent rise in quarterly profit on the back of recent acquisitions and higher lending volumes, and hiked its quarterly dividend.

* Autozone Inc reported a 9.4 percent increase in second-quarter profit as an unseasonably cold winter drove up sales.