CANADA STOCKS-TSX may open slightly higher; China and Fed in focus

Mon Jan 27, 2014 8:45am EST
 
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Jan 27 (Reuters) - Canada's main stock index pointed to a flat to slightly higher open on Monday amid concerns about China's economic slowdown, coupled with expectations that the U.S. central bank would scale back its bond buying further. TOP STORIES

* German business morale climbed in January to its highest level since July 2011, suggesting Europe's largest economy is on track for a strong start to 2014 after growing only modestly last year.

* Japan's trade deficit widened sharply to a record in 2013 as import costs outpaced export receipts due to a weaker yen and higher fuel bills, and the third straight annual shortfall was a reminder of the challenge facing Prime Minister Shinzo Abe.

* U.S. cable group Liberty Global has agreed to buy Ziggo in a cash and share deal valuing the Dutch operator at 10 billion euros to expand its reach across Europe.

* U.S. mobile operator AT&T ruled out buying Vodafone for the next six months after an enquiry by Britain's takeover panel following months of speculation.

* Wal-Mart Stores Inc said on Friday it had cut 2,300 jobs, or roughly 2 percent of the total workforce at its Sam's Club retail warehouse chain, its biggest round of layoffs since 2010.MARKET SNAPSHOT

* Canada stock futures traded up 0.1 percent

* U.S. stock futures , , were up around 0.3 percent to 0.48 percent

* European shares, were mixed COMMODITY PRICE MOVES   Continued...