CANADA STOCKS-TSX may open higher on robust Chinese export data

Thu Jan 10, 2013 8:32am EST
 
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Jan 10 (Reuters) - Canada's main stock index looked set to open higher on Thursday after better-than-expected Chinese export data lured investors to riskier assets.

TOP STORIES

* China's export growth rebounded surprisingly sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown, but subdued global demand means that the spike may not herald an enduring recovery.

* The European Central Bank held interest rates at a record low of 0.75 percent on Thursday, refraining from a cut following fledgling signs of life in the euro zone economy and with inflation still above target.

* Three of the top U.S. cellphone carriers signaled they would support Research In Motion's BlackBerry 10 products, the first of which are due to be unveiled Jan 30, offering a hopeful sign for RIM's comeback effort.

* The Bank of England kept its powder dry, voting as expected not to buy more government bonds despite the economy teetering on the verge of another contraction.

* General Motors Co's European division Opel is not up for sale, Steve Girsky, vice chairman of the U.S. car maker, said.

MARKET SNAPSHOT

* Canada stock futures traded up 0.41 percent   Continued...