RTRS: TSX may open higher; helped by firmer gold price
(Reuters) - Canada's main stock index pointed to a higher open on Thursday, helped by a rise in the price of gold, which snapped a two-day decline as signs of physical demand emerged from Chinese buyers.
TOP STORIES
* German unemployment rose to its highest level since April 2011 on a seasonally adjusted basis in November, but the jobless rate stayed close to its lowest since Germany reunified more than two decades ago, Labour Office data showed.
* Thomas Cook posted a 49 percent jump in full-year operating profit and raised its cost cutting target as part of the holiday firm's successful turnaround program.
* A judge on Wednesday approved a settlement resolving U.S. regulators' opposition to a merger between AMR Corp and US Airways Group Inc, allowing AMR, the bankrupt parent of American Airlines, to soon close on a tie-up that will create the world's largest carrier.
* Barclays Capital Inc has been ordered to pay $2.1 million to a New York-based trader it fired last year in connection with the alleged rigging of the London interbank offered rate, or Libor, according to arbitration documents.
MARKET SNAPSHOT
* Canada stock futures traded up 0.3 percent
* European shares .FTEU3, .STOXX were up .EU
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index .TRJCRBTR: 274.0694; was unchanged
* Gold futures: $1,243.2; rose 0.44 percent
* Brent crude: $110.94; fell 0.33 percent
* LME 3-month copper: $7,001; fell 0.27 percent
CANADIAN STOCKS TO WATCH
* Saputo Inc (SAP.TO): Murray Goulburn Co-operative Co Ltd piled pressure on the company in the race for control of key Australian dairy exports with a fresh A$530 million cash offer on Thursday for Warrnambool Cheese and Butter Factory Co.
* TransCanada Corp (TRP.TO): Canada's National Energy Board said on Wednesday it is investigating a pipeline rupture and natural gas leak on TransCanada's Nova system near Boyle, Alberta.
ANALYSTS' RECOMMENDATIONS
Following is a summary of research actions on Canadian companies reported by Reuters.
* Keyera Corp (KEY.TO): CIBC raises price target to C$65.60 from C$62 to reflect analysts increased confidence in the KFS II and Norlite projects.
ON THE CALENDAR
* Major Canadian economic data includes producer prices, current account and raw material prices
* U.S. markets closed in observance of Thanksgiving Day
(Reporting by Samarendra Sahoo in Bangalore; Editing by Jeffrey Hodgson)