CANADA STOCKS-TSX may open higher; Fed minutes eyed

Wed Jul 10, 2013 8:42am EDT
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July 10 (Reuters) - Canada's main stock index futures pointed to a higher open on Wednesday as investors await the U.S. Federal Reserve's minutes releasing later in the day, but gains could be capped after a surprise fall in China's June exports raised concerns about a slowdown in the world's second-largest economy.


* China warned of a "grim" outlook for trade after a surprise fall in June exports, raising fresh concerns about the extent of the slowdown in the world's second-largest economy and increasing the pressure on the government to act.

* Italy's one-year debt costs rose to their highest level since March at an auction, a day after Standard & Poor's cut Italy's sovereign credit rating to two notches above junk.

* KKR & Co raised $6 billion for its third Asia private equity fund, equipping the firm with the largest such fund in the region at a time when market turmoil is creating both opportunities and challenges for foreign investors.

* British luxury brand Burberry beat forecasts for the first quarter with an 18 percent jump in sales, boosting its shares and allowing it to maintain its full-year guidance in the face of an otherwise struggling global economy.


* Canada stock futures traded up 0.21 percent   Continued...