CANADA STOCKS-TSX may open higher as German business morale rises

Fri Jan 25, 2013 8:25am EST
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Jan 25 (Reuters) - Canada's main stock index looked set to open higher on Friday, as better-than-expected data on German business morale and encouraging manufacturing surveys from the United States and China cheered investors.


* German business morale improved for a third consecutive month in January to its highest in more than half a year, more evidence that Europe's largest economy is gathering speed again after contracting late last year.

* Canadian inflation probably moved back into the Bank of Canada's target range in December, but only barely, with price pressures subdued, a Reuters survey of analysts showed.

* A senior Lenovo executive said on Thursday that the Chinese computer maker may consider Research in Motion as a takeover target, before it launches a make-or-break line of redesigned smartphones.

* Canada's finance minister expects to choose the country's next central bank governor in April and said on Friday he was looking worldwide for the right candidate, who must hold a Canadian passport.

* Halliburton reported a 35 percent decline in profit on a slowdown in U.S. land drilling caused by a glut of natural gas.

* Britain's economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London' Olympics pushing it perilously close to a "triple-dip" recession.   Continued...