CANADA STOCKS-TSX may open higher on upbeat China growth data
Jan 18 (Reuters) - Canada's main stock index looked set to open higher on Friday after better-than-expected Chinese GDP data eased concerns of a sharp slowdown in the world's second largest economy and lifted investor sentiment.
* Schlumberger Ltd's quarterly profit fell 3 percent as the world's largest oilfield services company's international customers held back spending even as North American gas-directed drilling activity remained lower.
* General Electric reported a better-than-expected 7.5 percent rise in profit, reflecting a campaign to boost margins as well as higher sales of equipment used in oil and gas production.
* China's economy grew at its slowest pace in 13 years in 2012, though a year-end spurt supported by infrastructure spending and a jump in trade signalled the foundation for the stable growth path Beijing says is vital for economic reform may be in sight.
* The premier of Saskatchewan joined 10 U.S. state governors in urging President Barack Obama to approve TransCanada Corp's contentious and long-delayed Keystone XL oil pipeline, citing energy-security benefits in both countries.
* Intel Corp forecast quarterly revenue that disappointed Wall Street and a sharp increase in capital spending it plans for 2013 unnerved investors already concerned about slow demand for personal computers.
* The U.S. economic recovery is entering the home strait, though unemployment is still very high and may only come down gradually, outgoing U.S. Treasury Secretary Timothy Geithner said.
MARKET SNAPSHOT Continued...