CANADA STOCKS-TSX may open higher, euro zone PMIs offset China data

Wed Jul 24, 2013 8:29am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

July 24 (Reuters) - Canada's main stock index looked set to reverse previous session's losses on Wednesday after euro zone manufacturing data bounced back to growth, signalling a recovery in the region.

TOP STORIES

* Euro zone private industry unexpectedly bounced back to growth, but Europe's recovery risks being derailed as China's huge manufacturing engine is losing steam, surveys suggested.

* Canadian Pacific Railway's second-quarter profit more than doubled due to a jump in freight revenue.

* Caterpillar Inc reported a 43.5 percent drop in quarterly profit and cut its outlook for the year, saying its dealers were still reducing inventories and demand was weak from the mining industry.

* Boeing Co posted a better-than-expected 13 percent jump in quarterly profit after delivering more commercial jets, shrugging off concerns about the 787 Dreamliner and sending its shares up 2 percent to an all-time high in premarket trading.

MARKET SNAPSHOT

* Canada stock futures traded up 0.05 percent

* U.S. stock futures , , were up around 0.23 percent and 1.01 percent   Continued...