CANADA STOCKS-TSX may open lower as commodity prices slip
April 30 (Reuters) - Canada's main stock index looked set open lower as commodity prices slipped, but hopes for further monetary stimulus from the Federal Reserve, which starts its two-day monetary policy meeting later in the day, and the European Central Bank could provide support.
* Inflation in the euro zone has fallen to a three-year low and unemployment hit a new record, cementing expectations of an interest rate cut by the European Central Bank later this week.
* BP Plc profits beat analyst expectations by almost $1 billion in the first quarter, helped by two new oilfields and a strong performance from its trading division.
* Thomson Reuters Corp reported a 7 percent decline in first-quarter operating profit because of severance costs and a decrease in revenue at its Financial & Risk division, which caters to banking clients.
* Suncor Energy Inc first-quarter operating profit beat analyst expectations, boosted by higher oil sands production and better profitability in refining and marketing.
* State-backed Lloyds Banking Group reported a jump in first-quarter profits on the back of improved margins and lower costs, and raised the amount it expects to save from shrinking the bank.
MARKET SNAPSHOT Continued...