Nov 25 (Reuters) - Toronto’s stock futures were slightly down, but volumes volumes were light due to the U.S. Thanksgiving holiday.
Financial markets recovered somewhat after roller-coaster sessions prompted by the euro zone’s debt problems and jitters over tensions on the Korean peninsula. Risk appetite improved slightly on the back of solid gains on Wall Street.
* Canadian equity futures <0#SXF:> point to a lower open.
* European shares nudged higher as a strong finish on Wall Street and firmer Asian equities following encouraging U.S. economic numbers increased the appetite for risk. [.EU]
* Asian stocks rose from 1-1/2-month lows.
* Oil inched up, reversing initial losses in thin, volatile trading due to the U.S. Thanksgiving holiday. [O/R]
* Gold eased for a second day, lacking strong impetus due to the Thanksgiving holiday but supported by safe haven buying amid Europe’s debt crisis and Korean tensions. [GOL/]
* Bombardier Inc. (BBDb.TO) Britain’s government announced a multi-billion pound rail investment, but delayed a decision on another project while it studies whether to combine electric and diesel trains. Britain is considering bids from Siemens and Bombardier to provide around 1,200 new electric vehicles and will announce its preferred bidder in the spring. [ID:nLDE6AO0BQ]
* Taseko Mines Ltd (TKO.TO): An unexplained sharp drop in the share price of the mineral exploration company three weeks before the federal government blocked the company’s centerpiece project has caught the attention of securities regulators, CBC News reported on Wednesday. [ID:nN24254690]
* Mosaid Technologies Inc. MSD.TO: The patent-licensing firm reported a 32 percent rise in second-quarter earnings, buoyed by strength in its wireless patents segment, and raised its full-year earnings outlook. [ID:nSGE6AN0IJ]
* Infinito Gold Ltd. IG.V: A Costa Rican court annulled a gold mine concession held by the miner, saying the company’s open-pit Crucitas mine was hurting the local environment. [ID:nN24251475]
Following is a summary of research actions on Canadian companies reported by Reuters. [RCH/CA]
* Cameco (CCO.TO) price target raised to C$33 from C$30; rating market perform at Raymond James ($1= $1.01 Canadian) (Reporting by Kishan Nair and Bangalore Newsroom)