CANADA STOCKS-TSX may open higher; U.S. economic data eyed

Thu Nov 21, 2013 8:19am EST
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Nov 21 (Reuters) - Canada's main stock index looked set to open higher on Thursday as investors awaited a flurry of U.S. macroeconomic data including initial and continuing claims, producer price and manufacturing index numbers.


* The fragile global economic recovery took a step backwards this month as businesses across the euro zone and China's vast factory sector grew at a milder pace, business surveys showed.

* Bank of Japan Governor Haruhiko Kuroda said the U.S. and euro zone economies are gaining strength, seeking to dispel concerns among other policymakers that Japan's export engine and broader recovery were vulnerable to weakness overseas.

* Gildan Activewear reported a 9 percent rise in fourth-quarter profit, helped by lower cotton prices and higher sales in its printwear business.

* Sears Holdings Corp, which operates its eponymous department stores and the Kmart discount chain, reported a wider quarterly net loss as sales fell at both chains and it invested in more promotions targeting rewards members.

MARKET SNAPSHOT   Continued...