CANADA STOCKS-TSX may track commodity markets higher

Fri Aug 16, 2013 8:11am EDT
 
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August 16 (Reuters) - Canada's main stock index futures pointed to a higher open on Friday, tracking commodity markets, with continued focus on whether the Federal Reserve will taper its stimulus program as soon as next month.

TOP STORIES

* The euro zone's trade surplus widened in June from a year earlier and from the previous month as imports continued to fall, the EU's statistics office Eurostat said.

* Dell Inc, the PC maker embroiled in a takeover battle between its founding CEO and activist investor Carl Icahn, reported a 72 percent slide in quarterly earnings as PC sales fell further.

* Chip gear maker Applied Materials said it expects foundry customers to hold back spending in the current quarter as they switch to making smaller chips.

* World shares headed for their biggest weekly fall in almost two months as investors set aside evidence of a broad global economic recovery and worried about an early end to the Federal Reserve's stimulus.

MARKET SNAPSHOT   Continued...