CANADA STOCKS-TSX may open higher after data cools Fed fears

Fri Sep 6, 2013 9:02am EDT
 
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Sep 6 (Reuters) - Canada's main stock index looked set to open higher on Friday after U.S. data showed job growth was less than expected in August, which could delay the Federal Reserve scaling back its massive monetary stimulus later this month.

Separately, Canada's economy churned out a surprising 59,200 jobs in August, according to Statistics Canada estimates released on Friday, with most of the gains in part-time work and led by the health care and social assistance sector.

TOP STORIES

* U.S. President Barack Obama faced growing pressure from Russia's Vladimir Putin and other world leaders on Thursday to decide against launching military strikes in Syria, which many of them fear would hurt the global economy and push up oil prices.

* German exports fell unexpectedly in July but imports rose, underscoring that the domestic economy will be key for growth in Germany this year as a weak global environment makes selling goods abroad hard.

* Ford Motor Co Chief Executive Alan Mulally, credited with driving a culture change that helped save the No. 2 U.S. automaker, may step down sooner than planned, according to people with knowledge of the matter.

* Japan's biggest mobile carrier NTT DoCoMo Inc is expected to start selling iPhones as soon as autumn, helping Apple Inc extend its reach in a country where it has more than three times the market share of rival Samsung Electronics Co Ltd.

MARKET SNAPSHOT   Continued...