CANADA STOCKS-TSX set to open lower after U.S. jobs data

Fri May 4, 2012 8:56am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

May 4 (Reuters) - Toronto's main stock index was set to open lower on Friday, a day after posting its biggest one-day drop in two months, after U.S. payroll data showed employers decreased hiring, but the unemployment rate still fell.

TOP STORIES

* U.S. employers decreased hiring for the second straight month in April but the unemployment rate still fell to 8.1 percent, giving mixed messages about the economy's strength ahead of President Barack Obama's November re-election bid.

* The euro zone's vast services sector shriveled at a much faster rate in April than initially thought, a business survey showed on Friday, suggesting that the bloc's recession could extend through to mid-year.

* China's services sector enjoyed its busiest month in half a year in April with business expectations at their highest level in 12 months, a private sector survey of purchasing managers showed on Friday.

* Canadian Natural Resources Ltd's first-quarter profit surged more than ninefold as sales of light and heavy oil rose 5 percent, partly offsetting an unplanned oil sands outage and weaker domestic oil and gas prices, the country's largest independent energy producer said on Thursday.

* Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's.

MARKET SNAPSHOT   Continued...