CANADA STOCKS-TSX may open lower on Fed comments

Fri Jun 8, 2012 8:36am EDT
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June 8 (Reuters) - Toronto's main stock index appeared headed for a lower open on Friday, tracking global equities and commodity prices, after the U.S. Federal Reserve dashed hopes of fresh economic stimulus and expectations of a bailout for Spanish banks failed to impress markets.


* Spain is expected to request European aid for its ailing banks at the weekend to forestall worsening market turmoil, becoming the fourth and biggest country to seek assistance since the euro zone's debt crisis began, EU and German sources said.

* Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. central bank was ready to shield the economy if financial troubles mount but offered few hints that further monetary stimulus was imminent.

* Global cheers over China's decision to cut interest rates faded as investors and economists worried that the move signalled the impending release of grim economic data.

* German imports tumbled at their fastest in two years in April and exports fell more than expected in another sign that Europe's largest economy is beginning to feel the chill from the euro zone debt crisis.

* An Apple Inc lawyer said the iPhone and iPad maker may seek a legal order stopping the launch of Samsung Electronics Co Ltd's Galaxy S III phone in the United States later this month.


* Canada stock futures traded down 0.32 percent   Continued...