CANADA STOCKS-TSX may open lower, Greek bailout eyed

Fri Nov 23, 2012 8:23am EST
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Nov 23, (Reuters) - Canada's stock index futures pointed to a flat open on Friday, as investors stay cautious over the possibility of a Greek financial aid program that might be revealed on Monday.


* International lenders have agreed new steps to cut Greece's debt pile further but it still has to fill a 10 billion euro gap to gain the IMF's approval for its next tranche of aid, a senior Greek government official said.

* BP is planning to announce a reorganization of its oil and gas production operations, three sources familiar with the matter said, the second significant restructuring of its main cash generator since the Gulf of Mexico oil spill.

* German business sentiment surprised with its first rise in seven months in November, as companies turned more optimistic and put Europe's powerhouse economy on track for stronger growth again next year.

* The U.S. shopping frenzy known as "Black Friday" kicked off at a more civilized hour, with some shoppers welcoming decisions by retailers such as Target Corp and Toys R Us Inc moving their openings earlier into Thursday night.

* Panasonic Corp has a better chance than rival Sony Corp of surviving Japan's consumer electronics slump because of its unglamorous but stable appliance business of washing machines and fridges, credit rating agency Fitch said.

MARKET SNAPSHOT   Continued...