CANADA STOCKS-TSX may open higher on China stimulus hopes

Thu Sep 27, 2012 8:27am EDT
 
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Sept 27 (Reuters) - Canada's main stock index looked set to open higher on Thursday, after the Chinese central bank made its largest weekly injection in money markets, with investors speculating that China could launch more stimulus to boost economic growth.

TOP STORIES

* China's central bank injected a net 365 billion yuan into money markets this week, traders said, the largest weekly injection in history, as regulators struggle to maintain liquidity without producing inflation as forex inflows slow.

* Spain will announce a series of economic reforms and a tight 2013 budget, aiming to avoid the political humiliation of having Brussels impose conditions on a request for an international bailout.

* China's CNOOC Ltd believes it is poised to win Canada's go-ahead for the $15.1 billion purchase of oil producer Nexen Inc, after talks with provincial leaders boosted its confidence that Canada values China as an investor in its huge oil sands sector and as a future energy customer, sources said.

* EU regulators are preparing to charge Microsoft Corp for failing to comply with a 2009 ruling ordering it to offer users a choice of web browsers, the EU's antitrust chief said.

* Euro zone economic sentiment defied expectations of stabilization and again fell sharply in September, underlining the economic gloom brought on by the sovereign debt crisis as the euro zone sinks into a recession.

MARKET SNAPSHOT

* Canada stock futures traded up 0.63 percent   Continued...