CANADA STOCKS-TSX may open lower, Fisher's comments raise concerns

Fri Aug 9, 2013 8:21am EDT
 
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August 9 (Reuters) - Canada's main stock index looked set to open lower on Friday after comments Federal Reserve official, Richard Fisher, renewed talk that the Fed would begin tapering its bond-buying policy next month, overshadowing positive economic data from China. TOP STORIES

* China's factory output grew in July at its fastest pace since the start of the year, adding to a run of data suggesting the world's second-largest economy may be stabilising after more than two years of slumping growth.

* Magna International Inc reported a stronger-than-expected 19 percent rise in second-quarter profit and raised its sales forecast for the year, buoyed by increased vehicle production in North America.

* BlackBerry Ltd is warming up to the possibility of going private, as the smartphone maker battles to revive its fortunes, several sources familiar with the situation said.

* Mexican billionaire Carlos Slim's America Movil has made a 7.2 billion euro bid for the shares in Dutch telecoms group KPN it does not already own, challenging a rival offer for KPN's German business.MARKET SNAPSHOT

* Canada stock futures traded down 0.33 percent

* U.S. stock futures , , were down around 0.23 percent to 0.06 percent

* European shares, were up COMMODITY PRICE MOVES

* Thomson Reuters-Jefferies CRB Index : 284.7039; rose 0.24 percent   Continued...