CANADA STOCKS-TSX may open lower, commodities drag

Tue Jun 18, 2013 8:31am EDT
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June 18 (Reuters) - Canadian stock index futures pointed to a lower open on Tuesday, dragged down by weaker commodity prices as investors looked forward to the two-day Federal Reserve policy meeting which could give investors hints on the future of its monetary easing program.


* The European Central Bank is "ready to act" if need be to aid the euro zone economy and recent signs of market stabilization mean that its interest rates are becoming a more effective tool again.

* German analyst and investor sentiment rose for a second straight month in June, a leading survey showed, suggesting Europe's largest economy is on track for a modest recovery after a weak end to 2012 and sluggish start to this year.

* Talisman Enegy Inc is exploring the sale of its shale assets in the Eagle Ford basin in south Texas, hoping it could raise as much as $2 billion, two people familiar with the matter said on Monday.

* New York-based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with Sony's CEO, Kazuo Hirai, as its chairman.

* German cable operator Kabel Deutschland confirmed on Monday that they have received a preliminary approach from U.S. media group Liberty Global after a British newspaper reported that the company had put forward a 7.5-billion-euro bid for the company.

MARKET SNAPSHOT   Continued...