CANADA STOCKS-TSX may open lower on Fed uncertainty; BlackBerry eyed

Tue Sep 24, 2013 8:33am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Sept 24 (Reuters) - Canada's main stock index futures pointed to a lower open on Tuesday as worries over U.S. monetary and fiscal policies dampened investor sentiment.

Shares of BlackBerry Ltd were expected to be active after the smartphone maker agreed on Monday to go private in a $4.7 billion deal led by its biggest shareholder. But the buyer still has to finalize financing and BlackBerry is free for now to seek better offers.


* German business morale improved slightly to its highest level in 17 months in September, suggesting Europe's largest economy is staging a firm recovery after a contraction in late 2012 and a weak start to this year.

* Chipmaker Applied Materials Inc and Tokyo Electron Ltd said they will merge in an all-stock deal, creating a $29 billion company.

* South Korea's government bowed to public pressure and voted down a bid by Boeing to supply 60 warplanes, saying it would restart the multi-billion tender process to get a more advanced fighter.

* Lennar Corp reported a better-than-expected quarterly profit as it sold more homes at higher prices, indicating the U.S. housing recovery is firmly on track.

* Citigroup Inc said it is eliminating about 1,000 jobs in its U.S. home mortgage business, making it the latest bank to lay off staff as higher interest rates cut into demand for new loans and refinancing.   Continued...