CANADA STOCKS-TSX may open higher on hope of end to U.S. budget crisis

Thu Oct 10, 2013 8:24am EDT
 
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Oct 10 (Reuters) - Canadian stock index futures pointed to a higher open on Thursday on hopes that Washington was moving closer to ending the fiscal impasse that has kept markets under pressure. TOP STORIES

* U.S. House of Representatives Republicans are considering signing on to a short-term increase in the government's borrowing authority to buy time for negotiations on broader policy measures, according to a Republican leadership aide.

* Federal Reserve Vice Chair Janet Yellen, President Barack Obama's pick to lead the U.S. central bank, said on Wednesday that strengthening the economic recovery and boosting employment would be priorities if she is confirmed as Fed leader.

* The Bank of England kept its monetary policy unchanged as expected, sticking to its commitment to keep interest rates steady while unemployment remains high.

* Greece posted a central government surplus in the first nine months of the year excluding debt servicing costs, putting it on track to hit fiscal targets that open the way for debt relief from its international lenders.

* Chinese e-commerce company Alibaba Group Holding Ltd has decided not to list on the Hong Kong stock exchange, Chief Executive Jonathan Lu told Reuters.MARKET SNAPSHOT

* Canada stock futures traded up 0.22 percent

* U.S. stock futures , , were up around 0.87 percent to 0.97 percent

* European shares, were up COMMODITY PRICE MOVES   Continued...