CANADA STOCKS-TSX may open higher; China's manufacturing data support
Dec 2 (Reuters) - Canadian stock index futures pointed to a higher open on Monday as China's manufacturing data calmed worries about the health of the world's second-biggest economy.
* Increasing demand for manufactured goods drove global factory activity higher last month but the spurt in the euro zone masked a widening disparity among some of the bloc's key members.
* Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent almost 3 percent less than they did a year earlier, according to data released Sunday by an industry group.
* Deutsche Telekom plans to cut up to 6,000 jobs at its IT services business T-Systems, Handelsblatt newspaper reported on Monday, citing company sources.
* Swiss bank UBS is making a cash tender offer to buy back 11 bonds for up to 2.15 billion Swiss francs to try to reduce its balance sheet.
MARKET SNAPSHOT Continued...