CANADA STOCKS-TSX may open lower on weak PMI data

Thu Sep 20, 2012 8:53am EDT
 
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Sept 20 (Reuters) - Canada's main stock index looked set to open lower as weak purchasing managers index data from China and Europe raised global growth concerns.

TOP STORIES

* The number of Americans filing new claims for jobless benefits fell last week, unwinding some of the weather-related spike during the previous week, but the underlying tone of the report pointed to some weakening in the labor market.

* Manufacturing in China contracted for the 11th month in a row in September, according to a private sector survey of factory managers that indicated the world's second largest economy remains on track for a seventh quarter of slowing growth.

* The European Central Bank's aggressive new bond-buying plan has so far failed to inspire any major improvement in business at ailing euro zone companies, unexpectedly gloomy surveys showed.

* Nexen Inc should have an easy time getting its shareholders to approve the $15.1 billion takeover of the Canadian oil and gas producer by China's CNOOC Ltd.

* Goldcorp is considering teaming up with Mexico's Fresnillo to develop a new precious metals venture in the central Mexican state of Zacatecas.

MARKET SNAPSHOT

* Canada stock futures traded down 0.28 percent   Continued...