CANADA STOCKS-TSX may open higher on U.S. budget hopes, Talisman

Tue Oct 8, 2013 8:10am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Oct 8 (Reuters) - Hopes that Republicans and Democrats will reach a deal on the U.S. budget as well as the debt ceiling pushed Canadian stock index futures slightly higher on Tuesday, though gains could be limited as markets remain wary of the risk of failure

TOP STORIES

* A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default.

* Business confidence in China's services sector slipped in September and growth slowed, a private survey showed, another signal the world's No.2 economy is finding it difficult to regain solid momentum after a protracted slowdown.

* Telecom equipment maker Alcatel-Lucent unveiled plans to cut an overall 10,000 jobs worldwide by the end of 2015, hoping to save 1 billion euros and turn the company around after years of losses.

* Talisman Energy Inc shares surged in after-hours trading on Monday after activist investor Carl Icahn said he had purchased about 61 million shares of the underperforming Canadian oil producer and may seek a seat on the company's board.

MARKET SNAPSHOT

* Canada stock futures traded up 0.1 percent

* U.S. stock futures , , were mixed around -0.05 percent to 0.05 percent   Continued...