CANADA STOCKS-TSX set to open higher, helped by commodity gains

Mon May 6, 2013 8:43am EDT
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May 6 (Reuters) - Canada's main stock index looked set to open higher on Monday, helped by gains in some commodities after Friday's encouraging U.S. jobs data alleviated fears of a possible slowdown in the world's largest economy.

Oil rose above $105 a barrel to its highest in nearly a month as an Israeli air strike on a Syrian military facility refocused attention on Middle East supply risks.


* The euro zone's business downturn dragged on in April, suggesting the region may be falling deeper into recession this quarter, business surveys showed.

* Growth in China's services sector slowed sharply in April to its lowest point since August 2011, a private sector survey showed - fresh evidence of rising risks to a revival in the world's No.2 economy.

* A private equity group made up of Bain Capital and Golden Gate Capital Corp are nearing a deal to acquire BMC Software and an announcement could come as early as Monday, two people familiar with the matter told Reuters.

* Magna International Inc plans to cut jobs in Europe and the United States as it seeks to reduce costs and offset weak demand in Europe, Chief Executive Donald Walker told German magazine WirtschaftsWoche.

* Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from investments and derivatives.   Continued...