CANADA STOCKS-TSX may open higher as Syria crisis eases

Tue Sep 10, 2013 8:19am EDT
 
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Sept 10 (Reuters) - Canada's main stock index looked set to open higher on Tuesday as better-than-expected Chinese data, coupled with ebbing worries of a military strike against Syria after comments from U.S. President Barack Obama, boosted investor sentiment.

TOP STORIES

* France is to put forward a U.N. Security Council draft resolution for Syria to give up its chemical weapons, quickly turning a Russian idea into a full-blown diplomatic proposal that could avert Western military strikes.

* Stronger-than-expected industrial output reinforced other signs that China's economy was stabilizing after slowing for more than two years, just as major emerging markets brace for potential fallout from an expected trimming of U.S. stimulus.

* McDonald's Corp reported a better-than-expected 1.9 percent increase in global sales at established restaurants in August, helped by stronger sales in Europe.

* Layoffs at Bank of America Corp's mortgage business will amount to about 2,100 positions, a source told Reuters on Monday, in response to weak refinancing activity.

* Russia's Uralkali, the world's largest potash miner by output, said its first-half net profit fell 53 percent year-on-year to $397 million, missing forecasts due to increased competition and foreign exchange losses.

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