CANADA STOCKS-TSX may open higher, buoyed by upbeat German data

Tue Feb 19, 2013 8:20am EST
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Feb 19 (Reuters) - Canada's main stock index looked set to open higher on Tuesday, after a long weekend, as encouraging German economic data cheered investors, eclipsing last week's weak macro data.


* German investor sentiment soared to its highest in nearly three years in February on optimism the worst of the euro crisis is over, in the latest sign that Europe's largest economy is bouncing back after a dismal end to 2012.

* President Barack Obama will make a fresh push to force Congressional Republicans to make concessions that will head off budget cuts that appear increasingly likely to kick in starting on March 1.

* Japan's government has delayed nominating a Bank of Japan governor by a week, fanning talk of friction between the prime minister and the finance minister over who should run a central bank charged with taking bold action to reignite the economy.

* Russia's Rosneft agreed in principle to boost crude oil deliveries to China during a visit to Asian consumer countries by Chief Executive Igor Sechin, but no details on volumes or delivery routes were disclosed.

* Danone said it would cut around 900 jobs to cope with the downturn in southern Europe that is hurting its core dairy business and aims to return to more profitable growth next year.


* Canada stock futures traded up 0.25 percent   Continued...