CANADA STOCKS-TSX may open lower on Syria and Fed worries

Wed Aug 28, 2013 8:19am EDT
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Aug 28 (Reuters) - Tensions about possible U.S. military strikes against Syria, coupled with existing worries about the U.S. Federal Reserve's stimulus program, pushed Canadian stock index futures lower on Wednesday.


* U.N. chemical weapons investigators crossed Syria's front line into rebel-held territory for a second visit to the scene of a poison gas attack that has triggered Western plans for war.

* The Indian rupee slumped to a record low of more than 68 to the dollar on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.

* Mark Carney will use his first speech as Bank of England governor to take on his doubters who question how long he can keep interest rates at record low levels.

* Seadrill, the world's largest offshore rig operator, expects profits to soar in the next few years as energy companies move into increasingly difficult waters and raise exploration spending to satisfy the world's hunger for oil.

* Mining equipment manufacturer Joy Global Inc reported a lower profit for the third quarter and said orders fell 36 percent as a global oversupply of coal hits demand for its giant shovels and draglines.