CANADA STOCKS-TSX may open lower on Europe, China, RIM
May 30 (Reuters) - Canada's main stock index looked set to open lower on Wednesday, tracking global markets, on reports that China is not planning a large stimulus package and as rising Italian and Spanish bond yields heightened fears about the euro zone's debt crisis.
The latest troubles of Research In Motion will also weigh.
* Research In Motion Ltd has hired bankers for a far-reaching strategic review and to look for partnerships as the BlackBerry-maker warned it would likely report a shock fiscal first-quarter operating loss.
* The euro zone should move to a banking union and consider directly recapitalising banks from its permanent bailout fund, the European Commission said in annual economic recommendations that shone a critical light on Spain.
* China does not need massive fiscal stimulus to stabilize growth and calm investors fretting that the global economy may slip back into a similar crisis as 2008-2009, top policy advisers said.
* Italy paid a high price for Spain's troubles when its 10-year bond borrowing costs topped 6 percent at auction, the highest level since January.
MARKET SNAPSHOT Continued...