CANADA STOCKS-TSX may open lower on rising concerns of Fed stimulus

Tue Dec 3, 2013 8:27am EST
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Dec 3 (Reuters) - Canada's main stock index pointed to a lower open on Tuesday as upbeat U.S economic data heightened worries the Federal Reserve will soon scale back its monetary stimulus. TOP STORIES

* Euro zone producer prices fell more than expected in October, data showed, with the annual inflation rate at a nearly 4-year low in a fresh sign of a sharp fall in inflationary pressures.

* Growth in China's services sector held near one-year highs in November, another indicator of strength as the government prepares to introduce sweeping reforms to restructure the world's second-largest economy.

* Japan will craft an economic stimulus package this week worth about $53 billion to bolster the economy ahead of an increase in the national sales tax in April, people familiar with the process said.

* Potash Corp of Saskatchewan Inc said it would cut more than 1,000 jobs, or 18 percent of its workforce in Canada, the United States and Trinidad.MARKET SNAPSHOT

* Canada stock futures traded down 0.23 percent

* U.S. stock futures , , were down around 0.26 percent to 0.14 percent

* European shares, were down COMMODITY PRICE MOVES

* Thomson Reuters-Jefferies CRB Index : 275.1312; fell 0.07 percent   Continued...