CANADA STOCKS-TSX may open lower on Fed stimulus uncertainty

Tue Nov 12, 2013 8:23am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Nov 12 (Reuters) - Canada's main stock index looked set to open lower on Tuesday, hurt by speculation about how soon the U.S. Federal Reserve will begin scaling down its bond-buying.

TOP STORIES

* China's ruling party pledged to let markets play a "decisive" role in allocating resources as it unveiled a reform agenda for the next decade, looking to overhaul the world's second-largest economy to drive future growth.

* British inflation unexpectedly dropped to its lowest rate for more than a year in October, reassuring the Bank of England that it has ample time to allow the economy to strengthen before it raises interest rates.

* Britain's Vodafone will spend 7 billion pounds - more than expected, earlier than expected - to increase the speed and capacity of its networks and reverse a record fall in revenues resulting from its struggling European business.

* Dish Network Corp posted quarterly results that beat Wall Street estimates as it added 35,000 pay-TV subscribers, far exceeding expectations.

* Rupert Murdoch's News Corp reported a steeper than expected 3 percent decline in revenue in its first quarter as a standalone company, as weakness at its Australian newspapers took its toll.

  Continued...