CANADA STOCKS-TSX may open lower, U.S. data in focus

Fri Jan 17, 2014 8:26am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Jan 17 (Reuters) - Canada's main stock index futures pointed to a flat to slightly lower open on Friday with investors waiting to take cues from a slew of U.S. economic data including housing starts, building permits and industrial production.


* General Electric Co posted a rise in quarterly net profit, helped by strength in its businesses selling oil pumps and jet engines.

* Morgan Stanley reported a sharp fall in quarterly profit as the Wall Street bank was hit by $1.2 billion in legal bills but adjusted earnings beat market estimates.

* Royal Dutch Shell issued a "significant" profit warning, detailing across-the-board problems and the extent of the challenges facing the oil major's new boss Ben van Beurden, who took over two weeks ago.

* Schlumberger Ltd, the world's largest oilfield services company, reported a better-than-expected 22 percent jump in fourth-quarter profit as robust international drilling activity made up for weakness in North America.

* Intel Corp's earnings missed expectations by a penny in the fourth quarter due to weak spending on servers, and the chipmaker gave a lukewarm forecast for first-quarter revenue that did little to dispel concerns about a slowing PC industry.

* BNY Mellon Corp said that its fourth-quarter profit rose slightly as investment services fees increased 5 percent amid a buoyant stock market.

MARKET SNAPSHOT   Continued...