CANADA STOCKS-TSX may open higher buoyed by stimulus hopes

Fri Nov 15, 2013 8:21am EST
 
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Nov 15 (Reuters) - Canada's main stock index futures pointed to a higher open on Friday, tracking global markets, after investors took comfort in the expectation of extended U.S. monetary stimulus.

TOP STORIES

* China released a raft of detailed reform plans, promising sweeping changes to the economy and the country's social fabric as it seeks to unleash new sources of growth as three decades of breakneck expansion show signs of faltering.

* Potential buyers of Spain's rescued banks, which include foreign investors, are pressuring the government to sweeten sales with more state aid, just as Madrid pulls its financial sector off European support, banking sources said.

* Dairy company Saputo Inc raised its takeover offer for Australia's Warrnambool Cheese and Butter Factory Co Holdings Ltd by 12.5 percent, and Warrnambool's board unanimously recommended it.

* Warren Buffett's Berkshire Hathaway Inc disclosed a new $3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company.

MARKET SNAPSHOT

* Canada stock futures traded up 0.23 percent

* U.S. stock futures , , were up around 0.16-0.28 percent   Continued...