CANADA STOCKS-TSX may open lower as U.S. shutdown continues

Thu Oct 3, 2013 8:31am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Oct 3 (Reuters) - Canada's main stock index looked set for a lower open on Thursday as the United States entered a third day of a partial government shutdown, with no end in sight.


* The U.S. government shutdown is beginning to hit the factory floor, with major manufacturers like Boeing and United Technologies warning of delays and employee furloughs in the thousands if the budget impasse persists.

* The nascent recovery in euro zone businesses strengthened in September as order books filled at a faster rate and layoffs slowed to a trickle, surveys showed, pointing to very mild growth in the third quarter.

* Activity in China's services sector expanded at the fastest pace in six months in September as demand grew, cementing a modest pickup in the world's second-largest economy.

* Britain's service sector posted solid growth in September, rounding off its strongest quarter in more than 16 years, helped by a recovery in the country's housing market, a survey showed. [ID: nL9N0GZ005]

* BP Plc won a legal reprieve in its effort to force the administrator of a settlement related to the 2010 Gulf of Mexico oil spill to tighten standards in assessing claims, potentially sparing the oil company billions of dollars of extra costs.