CANADA STOCKS-TSX may open lower, Fed statement in-focus
June 19 (Reuters) - Canada's main stock index looked set to open lower on Wednesday as investors turned jittery ahead of the release of the Federal Reserve's policy statement later in the day.
* Federal Reserve policymakers will likely announce that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve.
* Japan's exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding well for the government's efforts to steer the economy through market turbulence.
* Japan's SoftBank Corp cleared a major hurdle in its attempt to buy wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week.
* Fairfax Financial Holdings will raise its stake in Greek real estate firm Eurobank Properties to 42 percent from 19, parent Eurobank said.
* Vodafone is discussing a bid of about $10 billion with Germany's No. 1 cable operator Kabel Deutschland and is confident its raised all-cash offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday.
* Canada stock futures traded down 0.2 percent
* U.S. stock futures , , were mixed around -0.03 percent to 0.13 percent
* European shares, were down
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 287.5301; rose 0.2 percent
* Gold futures : $1,371.8; rose 0.38 percent
* US crude : $98.62; rose 0.18 percent
* Brent crude : $106.35; rose 0.31 percent
* LME 3-month copper : $7,007.75; rose 0.04 percent
Following is a summary of research actions on Canadian companies reported by Reuters.
* Coastal Energy Co : CIBC cuts target price to C$20 from C$24.50, says although material growth is expected, a rebound isn't seen until the production rates have been achieved.
ON THE CALENDAR
* Major Canadian economic data includes wholesale trade
* Major U.S. events and data includes FOMC rate decision
- Atheists face death in 13 countries, global discrimination: study
- Signer says suffered schizophrenic episode at Mandela memorial |
- Missouri executes man for killing good Samaritan motorist in 1994
- Thai military chief rebuffs meeting request in blow to protesters |
- Google executives' planes saved millions in costs due to error - NASA