CANADA STOCKS-TSX may open higher, Chinese data supports

Tue Sep 3, 2013 8:28am EDT
 
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Sept 3 (Reuters) - Canada's main stock index futures pointed to a higher open on Tuesday after positive economic data from China indicated a recovery in the region and fears surrounding possible military action against Syria waned.

Canadian telecom stocks were also expected to benefit from news that Verizon Communications Inc is not planning to enter the Canadian wireless market, its chief executive said in an interview.

TOP STORIES

* Two years after hitching its fate to Microsoft's Windows Phone software, a withered Nokia collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros. Shares of rival BlackBerry Ltd were up in pre-market trading.

* Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone Group out of its U.S. wireless business, signing history's third largest corporate deal announcement to bring an end to an often tense 14-year marriage.

* China's services sector grew steadily in August as domestic demand picked up, official data showed on Tuesday, adding to signs that government measures have started to steer the world's second-largest economy out of its longest slowdown.

* U.S. consumer products company Jarden Corp has agreed to buy scented candle maker Yankee Candle Company Inc for $1.75 billion, the Wall Street Journal reported, citing people familiar with the matter.

* President Barack Obama's efforts to persuade the U.S. Congress to back his plan to attack Syria met with skepticism on Monday from lawmakers in his own Democratic Party who expressed concern the United States would be dragged into a new Middle East conflict.

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