CANADA STOCKS-TSX may open lower despite strong German and French data

Wed Aug 14, 2013 8:22am EDT
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August 14 (Reuters) - Canada's main stock index looked set to open lower on Wednesday even as German and French economic data pointed to a steady recovery from an 18-month long recession in the currency bloc and boosted European markets.


* The German and French economies grew faster than that of the United States in the second quarter, pulling the euro zone out of its longest recession.

* Unexpected dissent from a Bank of England policymaker and robust jobs data cast doubt on Governor Mark Carney's policy of keeping interest rates low, just a week after it was announced.

* Metro Inc posted a 4 percent rise in third-quarter profit and said it will partner with Target Corp to operate the U.S. retailer's in-store pharmacies in Quebec.

* Russian industrial and defence conglomerate Rostec is close to signing an agreement with Bombardier to assemble the Canadian plane maker's Q400 aircraft in Russia, Rostec said on Wednesday.MARKET SNAPSHOT

* Canada stock futures traded down 0.03 percent

* U.S. stock futures , , were down around 0.13 percent to 0.12 percent

* European shares, were up COMMODITY PRICE MOVES   Continued...