Dec 9 (Reuters) - Canadian stock index futures pointed to a lower open on Monday despite positive Chinese data, bucking the global market trend, as investors remained cautious about the potential timing of a scaling down of Federal Reserve stimulus.
* China’s exports handily beat forecasts in November, adding to recent evidence of a stabilisation in the world’s second-largest economy as its leaders embark on an ambitious restructuring plan.
* Germany’s trade surplus fell in October as firms’ and households’ increased appetite to spend saw import growth far outpace that of exports - a welcome move for struggling euro zone peers anxious to sell more to Europe’s largest economy.
* Eight U.S. web giants have joined hands to start a public campaign for new limits on how governments collect user information amid concerns of growing online surveillance.
* KKR & Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc’s South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter said.
* Canada stock futures traded down 0.16 percent
* U.S. stock futures , , were up around 0.04-0.15 percent
* European shares, were up
* Thomson Reuters-Jefferies CRB Index : 279.90; rose 0.24 percent
* Gold futures : $1,230.7; rose 0.03 percent
* US crude : $97.71; rose 0.06 percent
* Brent crude : $111.03; fell 0.52 percent
* LME 3-month copper : $7,133.5; rose 0.16 percent
Following is a summary of research actions on Canadian companies reported by Reuters.
* ADF Group Inc : Raymond James Raises price target to C$4 from C$2.75 on the company’s better-than-expected third-quarter results
* Empire Co Ltd : Barclays cuts target price to C$84 from C$87 to reflect a more cautious earnings forecast
* MEG Energy Corp : Raymond James raises price target to C$42 from C$41, says the company is a compelling near and long-term growth story
* Major Canadian economic data includes housing starts
* No major U.S. events and data scheduled for the day