CANADA STOCKS-TSX may open higher as gold rebounds

Tue Apr 16, 2013 8:26am EDT
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April 16 (Reuters) - Canadian stock index futures signaled a higher open in Toronto on Tuesday after gold recovered from its biggest-ever daily loss in the previous session.


* Gold rose 2.6 percent as the market tried to find its feet after the previous session's record-breaking daily loss, but even as physical buyers seized on the lower prices investors feared more falls.

* Inflationary pressures eased further in March in the 17 countries using the euro, spurred by a continued downward trend in energy prices, data from the EU statistics agency showed.

* Moody's Investors Service affirmed China's government's bond rating of Aa3 but cut the outlook to stable from positive, the second pessimistic revision by a foreign ratings agency this month.

* Goldman Sachs Group Inc reported a 5.5 percent rise in quarterly profit as it earned more from investment banking.

* BlackRock Inc said that first-quarter net income rose 10 percent as investors increasingly turned to the money manager's higher-fee stock funds.

* U.S. Bancorp, the fifth-largest U.S. commercial bank by assets, reported a 7 percent increase in quarterly profit, largely due to lower provisions for credit losses and a drop in non-interest expenses.   Continued...