CANADA STOCKS-TSX may open higher, gold prices support

Mon Jul 8, 2013 8:42am EDT
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July 8 (Reuters) - Canada's main stock index looked set to reverse the previous session's losses on Monday, helped higher by a rebound in gold prices.


* The euro zone must decide on Monday how to keep Greece on a lifeline but is divided over whether to delay aid payments to Athens to force through unpopular reforms ranging from sacking public workers to selling state assets.

* The European Central Bank cannot solve the euro zone crisis, Bundesbank chief Jens Weidmann told economists on Sunday, pressing the bloc's governments to get their economies in shape and tighten their fiscal rules.

* German exports fell the most since late 2009 in May and industrial output tumbled, suggesting Europe's largest economy is struggling to regain traction, although a rise in imports pointed to robust domestic demand.

* Aircraft and automobile makers may be using more aluminum, but as long as the metal's price remains near two-year lows, Alcoa Inc will struggle, analysts said on Friday.

* The first fatal crash of a Boeing 777 jetliner on Saturday may not pose much of a setback to the company, in part because design features of the plane helped prevent burning and break-up that could have led to greater loss of life, experts said.


* Canada stock futures traded up 0.38 percent   Continued...