CANADA STOCKS-TSX may open lower after Fed minutes, jobs data eyed

Fri Jan 4, 2013 8:10am EST
 
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Jan 4 (Reuters) - Canada's main stock index looked set to open lower, dragged down by falling commodities, after minutes of the Federal Reserve's December meeting raised concerns about the possible side effects of the bank's stimulus program.

TOP STORIES

* U.S. employers likely stepped up hiring in December as businesses took on more staff for the holidays, but the gain will probably not make inroads in the still high unemployment rate.

* Tentative signs emerged in December that the euro zone economy may have passed the worst of its downturn, although a recovery still looks some months away, a business survey showed.

* Spain's largest bank Santander will cut 3,000 jobs following its planned merger with its Banesto subsidiary, Cinco Dias reported, citing sources from unions and close to the bank.

* Greek banks eyeing state-controlled Hellenic Postbank (TT) are expected to express initial interest by Friday, marking the next stage of the sector's consolidation designed to help cope with the debt crisis.

MARKET SNAPSHOT

* Canada stock futures traded down 0.25 percent

* U.S. stock futures , , were mixed in the range of 0.11 percent and -0.08 percent   Continued...