CANADA STOCKS-TSX may open little changed, eye on U.S. debt talks

Fri Oct 11, 2013 8:20am EDT
 
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Oct 11 (Reuters) - Canada's main stock index looked set to open little changed on Friday as talks continued in Washington to end a fiscal stalemate that has shut down the U.S. government for days.

Potash Corp of Saskatchewan Inc was expected to be active after the world's biggest fertilizer producer estimated quarterly profit would be below analysts' expectations as its customers delayed purchases due to near-term market uncertainty. [ID: nL1N0I02MC]

TOP STORIES

* JPMorgan Chase & Co reported a loss in the third quarter as the biggest U.S. bank by assets recorded additional expenses for lawsuits and government investigations.

* President Barack Obama and Republican leaders appeared ready to end a political crisis that has shuttered much of the U.S. government and pushed the country dangerously close to default after meeting at the White House on Thursday.

* Shares in Britain's Royal Mail rocketed to a near 40 percent premium above their issue price in stock market debut, fuelling a debate about whether they had been priced too low in order to guarantee a successful privatization.

* India's second-largest software services exporter, posted quarterly profit that missed analyst estimates on a charge related to visa use in the United States, but raised the lower end of its fiscal full-year revenue guidance.

MARKET SNAPSHOT   Continued...