CANADA STOCKS-TSX may open lower after soft North American jobs data

Fri Jan 10, 2014 8:40am EST
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Jan 10 (Reuters) - Canadian stock index futures pointed to a lower open on Friday following the release of weaker-than-expected U.S. and Canadian employment data.


* U.S. employers hired the fewest workers in almost three years in December, but the setback was likely to be temporary amid signs that cold weather conditions might have had an impact.

* Canada's economy unexpectedly shed 45,900 jobs in December as a result of less full-time work and layoffs across a broad range of sectors, Statistics Canada data indicated on Friday.

* China's export growth slowed more than expected in December due to a higher comparison base a year earlier and a clamp-down on speculative activities disguised as export deals, missing the official target on foreign trade.

* Alcoa Inc reported a massive quarterly loss on Thursday after recent declines in aluminum prices led to a $1.7 billion non-cash impairment charge on smelter acquisitions.

* Infosys Ltd, India's second-largest software services exporter, posted a 21 percent rise in quarterly net profit, beating estimates, as stronger economic growth in Europe and the United States revived demand for outsourcing services.

MARKET SNAPSHOT   Continued...