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CANADA STOCKS-TSX may open higher; potential Fed taper in focus

Fri 13th December, 2013 1:19pm
Dec 13 (Reuters) - Canada's main stock index looked set to open higher on Friday, though gains could be pared as investors speculated about the possibility of an earlier-than-expected wind-down of U.S. Federal Reserve monetary stimulus. TOP STORIES * Three years after going cap in hand to international lenders, Ireland has officially ended its bailout, providing a landmark for euro zone efforts to resolve its debt crisis, its finance minister.  ID:nL6N0JS1XH  * Adobe Systems Inc, the maker of Photoshop and Acrobat software, forecast current-quarter results below analysts' estimates but reported a 22 percent jump in the number of subscribers to its Creative Cloud suite from the preceding quarter.  ID:nL3N0JR46K  * Shares in French carmaker PSA Peugeot Citroen fell a further 11.6 percent, making for a 23 percent fall in just four days, after U.S. alliance partner General Motors sold its stake ahead of a possible new share issue by the struggling French carmaker.  ID:nL6N0JS1C2  * RSA Insurance CEO Simon Lee resigned after the insurer issued a third profit warning and flagged a possible hit to its dividend from a capital hole at its Irish business. ID:nL6N0JS128  ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^  To receive an early e-mail of Reuters Morning News Call - Canada - a preview of market moving news - Thomson Reuters subscribers can register at  CA/MNC  ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ MARKET SNAPSHOT  * Canada stock futures  0#SXF:  traded up 0.07 percent * U.S. stock futures  0#SP: ,  0#DJ: ,  0#ND:  were up around 0.04 percent to 0.41 percent  .N  * European shares  .FTEU3 ,  .STOXX  were up  .EU  COMMODITY PRICE MOVES * Thomson Reuters-Jefferies CRB Index  .TRJCRBTR : 280.0576; fell 0.24 percent * Gold futures  GCc1 : $1,229.5; rose 0.29 percent  GOL/  * US crude  CLc1 : $96.97; fell 0.54 percent  O/R  * Brent crude  LCOc1 : $108.35; fell 0.29 percent  O/R  * LME 3-month copper  CMCU3 : $7,222; fell 0.06 percent MET/L  CANADIAN STOCKS TO WATCH * Air Canada  ACb.TO : An Air Canada Jazz turboprop plane bound for Vancouver was forced to make an emergency landing in the Pacific Coast province of British Columbia on Thursday after a fire broke out in one of its engines.  ID:nL1N0JR21S  ANALYSTS' RECOMMENDATIONS Following is a summary of research actions on Canadian companies reported by Reuters.  RCH/CA  * Biox Corp  BX.TO : National Bank Financial cuts price target to 50 Canadian cents from 75 Canadian cents following the company's fourth-quarter results that were below aggressive estimates * BRP Inc  DOO.TO : CIBC raises price target to C$33 from C$31 following the company's strong third-quarter results * Empire Company Ltd  EMPa.TO : National Bank Financial cuts price target to C$82 from C$83 on the company's reduced EPS projections for FY2014 and FY2015  * New Gold Inc  NGD.TO : BMO cuts price target to C$7 from $8.50 as the company's net present value at spot prices declined following a fall in metal prices * RMP Energy Inc  RMP.TO : CIBC raises price target to C$7.25 from C$7, believes that the company offers a very attractive valuation relative to its potential production growth ON THE CALENDAR * No major Canadian economic data scheduled  ECONCA  * Major U.S. events and data includes producer price index ECONUS  ($1= $1.07 Canadian) (Reporting by Samarendra Sahoo in Bangalore) (( 80 6749 6286)(Reuters)(Messaging)( Keywords: MARKETS CANADA/STOCKS
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