CANADA STOCKS-TSX may open lower; U.S. economic data and Fed minutes eyed

Wed Nov 20, 2013 8:23am EST
 
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Nov 20 (Reuters) - Canada's main stock index looked set to open lower on Wednesday, as investors await a flurry of U.S. economic data and the Federal Reserve's October minutes, which could provide further clues on the monetary stimulus program. TOP STORIES

* Britain's economy is in a sustained recovery but there are no major inflation risks and the Bank of England will be in no rush to raise interest rates, minutes of the central bank's November policy meeting showed.

* The Bank of Japan is expected to maintain its ultra-loose monetary policy on Thursday and debate how weak exports and swinging expectations on when the U.S. Federal Reserve will cut its stimulus may affect Japan's recovery.

* Home improvement chain Lowe's Cos reported a rise in quarterly profit and raised its outlook for this year as U.S. homeowners spent more on their homes.

* Deere & Co reported higher-than-expected fourth-quarter profit, lifted by strong sales of its tractors and harvesters, and forecast 2014 earnings that topped estimates.

* A unit of Johnson & Johnson has agreed to pay an estimated $2.5 billion to settle thousands of lawsuits from individuals allegedly injured by the company's artificial hip implants, the company announced Tuesday.MARKET SNAPSHOT

* Canada stock futures traded down 0.13 percent

* U.S. stock futures , , were down around 0.1 percent to 0.03 percent

* European shares, were down COMMODITY PRICE MOVES   Continued...