CANADA STOCKS-TSX may open higher as geopolitical tension ease

Fri Aug 30, 2013 8:16am EDT
 
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Aug 30 (Reuters) - Canadian stock index futures pointed to a flat to slightly higher open on Friday as geopolitical tensions surrounding Syria eased after the British Parliament voted against participating in any military action against the region.

TOP STORIES

* Optimism in the euro zone's economy improved sharply in August but stubbornly high unemployment, in particular in the bloc's weaker countries, highlighted the fissure separating the recovering north from the struggling south.

* Japan is escaping deflation, the government said as data showing rising prices, falling unemployment, higher incomes and factory activity gathering momentum pointed to an ongoing recovery in the world's third-largest economy.

* U.S. oil and gas producer Apache Corp is selling a 33 percent stake in its Egypt oil and gas business for $3.1 billion to state-owned Chinese oil giant Sinopec Group, reducing its exposure in the country amid the recent political unrest.

* Salesforce.com Inc raised its fiscal 2014 sales outlook after reporting better-than-expected revenue and earnings on Thursday, reassuring jittery investors that the cloud software company will continue its red-hot growth.

MARKET SNAPSHOT

* Canada stock futures traded up 0.04 percent   Continued...