CANADA STOCKS-TSX may open lower, U.S. economic data eyed

Fri Jun 14, 2013 8:29am EDT
 
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June 14 (Reuters) - Canadian stock index futures pointed to a lower open on Friday, as investors cautiously awaited a spate of U.S. economic data out later in the day, though gains could be capped by worries over the Federal Reserve's stimulus program.

TOP STORIES

* Inflation in the euro zone rose from a three-year low in May, but remained low enough for the European Central Bank to act to boost an economy which is shedding jobs at an increasing rate.

* Japan's cabinet rubber-stamped a set of measures to boost economic growth that so far have failed to impress markets and made Prime Minister Shinzo Abe promise to take more steps after next month's upper house elections.

* Ocwen Financial Corp said it would buy mortgage servicing rights and related advances from OneWest Bank for $2.53 billion, the latest in a string of acquisitions that have fueled the company's explosive growth and nearly tripled its shares over the past year.

* Europe's newest jetliner, the Airbus A350, successfully began its maiden flight, stepping up a battle with arch-rival Boeing for sales of a new generation of sleek, lightweight passenger planes.

* Restoration Hardware reported first-quarter results that beat analysts' estimates, helped by strong growth in sales, particularly in its furniture business.

MARKET SNAPSHOT

* Canada stock futures traded down 0.33 percent   Continued...