CANADA STOCKS-TSX may open higher; China's manufacturing data support

Mon Dec 2, 2013 8:16am EST
 
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Dec 2 (Reuters) - Canadian stock index futures pointed to a higher open on Monday as China's manufacturing data calmed worries about the health of the world's second-biggest economy.

TOP STORIES

* Increasing demand for manufactured goods drove global factory activity higher last month but the spurt in the euro zone masked a widening disparity among some of the bloc's key members.

* Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent almost 3 percent less than they did a year earlier, according to data released Sunday by an industry group.

* Deutsche Telekom plans to cut up to 6,000 jobs at its IT services business T-Systems, Handelsblatt newspaper reported on Monday, citing company sources.

* Swiss bank UBS is making a cash tender offer to buy back 11 bonds for up to 2.15 billion Swiss francs to try to reduce its balance sheet.

MARKET SNAPSHOT   Continued...