CANADA STOCKS-TSX may open higher on Chinese data boost

Fri Oct 18, 2013 8:43am EDT
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Oct 18 (Reuters) - Canadian stock index futures pointed to a higher open on Friday on expectations the Federal Reserve will maintain its stimulus program for longer and after Chinese GDP data showed the economy grew at its fastest pace this year.


* China's economy grew at its quickest pace this year between July and September, underpinned by investment, although analysts question if the vigor would continue in coming months.

* General Electric Co said third-quarter profit and revenue fell, mainly due to its shrinking finance business and the negative effects of foreign currency.

* Schlumberger Ltd, the world's largest oilfield services company, reported a better-than-expected 20 percent rise in quarterly profit as offshore drilling increased in North America and demand from the Middle East and Asia rose.

* Morgan Stanley reported a 50 percent rise in quarterly revenue as higher income from equities sales and trading made up for a drop in its fixed-income business.

* Google Inc's quarterly results beat Wall Street's expectations as the Internet search giant expanded its mobile and overseas businesses while keeping ad-rate declines in check.