Jan 2 Canada's main stock index looked set to open sharply higher, tracking global markets, after U.S. lawmakers reached the all-important deal to avert the fiscal crisis in the world's largest economy.
* The United States averted economic calamity on Tuesday when lawmakers approved a deal to prevent huge tax hikes and spending cuts that would have pushed the world's largest economy off a "fiscal cliff" and into recession.
* ArcelorMittal, the world's biggest steelmaker, will sell a 15 percent stake in one of its Canadian iron ore operations, raising $1.1 billion to help pay off debt at a time of sluggish demand.
* Manufacturing activity in Asia expanded in December as China's economy showed signs of revival but export demand was uneven, pointing to further sluggish growth for the region, business surveys suggest.
* Outgoing Italian Prime Minister Mario Monti said that the next government needs to have a broad parliamentary majority so that it can reduce the number of lawmakers, change the electoral law and overhaul the institutional system.
* The slowdown in euro zone factory activity deepened in December as new orders tumbled, a business survey showed, suggesting the economy may have slipped further into recession in the last quarter of 2012.
* Canada stock futures traded up 1.63 percent
* U.S. stock futures , , were up around 1.29 percent and 1.97 percent
* European shares, were up
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 297.8418; rose 0.81 percent
* Gold futures : $1,687.5; rose 0.76 percent
* US crude : $93.3; rose 1.61 percent
* Brent crude : $112.24; rose 1.02 percent
* LME 3-month copper : $8,130.25; rose 2.51 percent
ON THE CALENDAR
* Major Canadian economic data includes RBC Manufacturing PMI
* Major U.S. events and data includes FOMC minutes, Markit manufacturing PMI and ISM
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.