May 16 Canada's main stock index looked set to
open lower as weak euro zone consumer inflation figures
overshadowed positive data that showed Japan's economy grew
faster than expected.
* Japan's economy expanded at a rapid clip at the start of
the year, the first hard evidence that Prime Minister Shinzo
Abe's sweeping stimulus is beginning to rouse consumers and
businesses into action.
* A senior official at the U.S. Federal Reserve said he
believed the central bank should reduce asset purchases from
* Falling prices in Germany and France pulled euro zone
consumer inflation to a three-year low in April while imports
fell 10 percent in March, as new data showed the depth of the
* Wal-Mart Stores Inc posted a higher quarterly profit even
as sales fell 1.4 percent at U.S. stores open at least a year.
. And Kohl's Corp reported a 5 percent drop in
first-quarter profit on lower sales.
* Cisco Systems Inc posted a higher than expected quarterly
profit and said current-quarter revenue could increase, giving
some relief to investors who had worried it was being hurt by
weak technology spending.
* Canada stock futures were down 0.24 percent
* U.S. stock futures , , were up around
0.07 percent to 0.23 percent
* European shares, were up
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 286.1707;
fell 0.31 percent
* Gold futures : $1,373.3; fell 1.66 percent
* US crude : $93.9; fell 0.42 percent
* Brent crude : $103.8; rose 0.12 percent
* LME 3-month copper : $7,155; fell 0.6 percent
Following is a summary of research actions on Canadian
companies reported by Reuters.
* Copper Mountain : BMO cuts target to C$2 from
C$3.50 after first-quarter results, says the company continues
to face challenges in attaining design capacity and working
capital remains weak
* Glacier Media : RBC cuts target price to C$1.75
from C$2 following weaker-than-expected first-quarter results
* Glentel Inc : Canaccord Genuity cuts price target
to C$22 from C$23 following first-quarter lower-than-anticipated
ON THE CALENDAR
* Major Canadian economic data includes Canadian and foreign
* Major U.S. events and data includes consumer price index,
real earnings, housing starts, building permits and initial and