CANADA STOCKS-TSX may open higher on strong euro zone, German data

Tue Aug 13, 2013 8:21am EDT
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August 13 (Reuters) - Canada's main stock index looked set to open higher on Tuesday as strong ata from the euro zone and Germany pointed to a recovery in the European economy and boosted investor sentiment.


* Smartphone maker BlackBerry Ltd is weighing options that could include an outright sale, it said on Monday, and its largest shareholder is stepping down from its board to avoid possible conflict of interest.

* German analyst and investor sentiment climbed more than expected in August, suggesting Europe's largest economy is gradually regaining momentum after a contraction in late 2012 and a weak start to 2013.

* Struggling department store operator J.C. Penney Co said activist investor William Ackman, who has been pressuring the company to oust its chairman and chief executive, has resigned from the board effective Aug. 12.

* Japanese Prime Minister Shinzo Abe may look at cutting corporate taxes to ensure he can push through a planned sales tax increase as he seeks to show he has a strategy to both foster an economic recovery and contain the country's enormous public debt.

* The heat seems to be getting to KFC parent Yum Brands Inc in China, after the fast-food chain saw China sales slide in July, with some market watchers saying a lack of focus on cooling drinks and ice cream meant diners looked elsewhere as record hot weather gripping the country.MARKET SNAPSHOT

* Canada stock futures traded up 0.17 percent

* U.S. stock futures , , were up around 0.22 percent to 0.28 percent   Continued...