CANADA STOCKS-TSX may open lower; euro zone, China worries weigh

Fri Jun 1, 2012 8:22am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 1 (Reuters) - Canada's resource heavy main stock index looked set to open lower on Friday following sharp losses in global equity and commodity markets, as a slew of economic data from euro zone and China fueled worries about global recovery.


* Some of the world's major economies are faltering or shrinking, with Chinese factory output barely growing and powerful European manufacturing countries falling deeper into malaise, surveys showed.

* Spain's government has delayed by at least a week the adoption of a new mechanism to ease the funding problems of its heavily indebted regions, a government source said.

* BP put its half-share of its huge Russian joint venture up for sale, a bold step that would abandon nearly a third of BP's output, cut it loose from hostile partners and let the Russian state tighten its grip on the world's biggest oil industry.

* Trains will start rolling again at Canadian Pacific Railway Ltd after the Canadian Senate passed back-to-work legislation on Thursday evening, and the railroad expects operations to be back to normal within 48 hours.

* Nokia struck back at Google over its accusation that the cellphone maker was colluding with Microsoft to make money out of their patents.


* Canada stock futures traded down 1.02 percent   Continued...