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