CANADA STOCKS-TSX may open higher, Fed worries recede

Fri Nov 22, 2013 8:26am EST
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Nov 22 (Reuters) - Canadian stock index futures pointed to a higher open on Friday as worry dissipated about the eventual scaling back of the U.S. Federal Reserve's bond-buying program.


* German business morale rose far more than forecast in November, reaching its highest level since April 2012, in a sign that Europe's largest economy is steadily recovering after a weak start to the year.

* The European Central Bank's chief economist said the euro zone faces deflationary pressures, and the bank's president stressed that interest rates must remain low "because the economy is weak".

* Swiss drugmaker Novartis AG is to buy back $5 billion of its shares, offering investors a sweetener as it holds off announcing any radical change to its structure.

* Gap Inc on Thursday reported a better-than-expected 9 percent rise in profit, helped by modest sales gains, and stuck to its profit forecast for the year.


* Canada stock futures traded up 0.04 percent   Continued...