CANADA STOCKS-TSX may open lower on Syrian crisis worries

Wed Sep 4, 2013 8:28am EDT
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Sept 4 (Reuters) - Canada's main stock index looked set to open lower on Wednesday as the possibility of a U.S. military strike against Syria dragged investor sentiment lower, despite positive economic data from the euro zone and China.


* Euro zone businesses had their best month in over two years in August as orders increased for the first time since mid-2011, a survey showed, suggesting the region's economy will grow slightly this quarter.

* President Barack Obama won the backing of key figures in the U.S. Congress, including Republicans, in his call for limited U.S. strikes on Syria to punish President Bashar al-Assad for his suspected use of chemical weapons against civilians.

* Growth in China's services sector hit a five-month high in August, underpinned by optimism over government policy measures, a private survey showed, the latest evidence that the world's second-largest economy may have avoided a sharp slowdown.

* Dollar General Corp reported a 15 percent rise in second-quarter profit as efforts such as selling more groceries and brand-name products attracted customers to its stores.

* Ryanair, Europe's biggest budget airline, could miss its full-year profit forecast following a dip in bookings, it said, blaming growing competition and a drop in the value of the British pound.

MARKET SNAPSHOT   Continued...