CANADA STOCKS-TSX may open lower after Chinese data

Mon Apr 15, 2013 8:32am EDT
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April 15 (Reuters) - Canadian stock index futures pointed to a lower open on Monday, tracking softer commodity markets, after weaker-than-expected Chinese growth data fueled concerns about the global economic outlook.


* China's economic recovery unexpectedly stumbled in the first three months of 2013 with slowing factory output and investment spending forcing analysts to start slashing full-year forecasts despite official insistence that the outlook was favourable.

* Dish Network Corp, the No. 2 U.S. satellite television provider, offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp.

* Genetic testing equipment maker Life Technologies Corp has agreed to a $13.6 billion cash buyout by Thermo Fisher Scientific Inc, in one of the year's biggest corporate takeovers.

* Trader Glencore is expected to agree to concessions this week to ease Chinese worries over its grip on the supply of copper, clearing the final regulatory hurdle in its $32 billion acquisition of miner Xstrata.

* Britain's Centrica and Qatar Petroleum International have bought gas and oil assets in Canada from Suncor Energy for C$1 billion, including some with potential for shale gas production, they said.


* Canada stock futures traded down 1.17 percent   Continued...