(Reuters) - Canadian stocks looked set to open lower on Tuesday, with June futures on the S&P TSX index down 0.25 percent at 0730 ET. The index climbed on Monday, helped by bullish Chinese economic data, while Valeant Pharmaceuticals rose as it prepared to go hostile with its takeover bid for Allergan Inc. Dow Jones Industrial Average futures were down 0.01 percent at 0715 ET, while S&P 500 futures were down 0.23 percent and Nasdaq 100 futures were down 0.17 percent. No major Canadian economic data is due for release. TOP STORIES Element Financial Corp has agreed to buy PHH Corp's auto fleet leasing business for about $1.4 billion in cash, and will issue $1.1 billion in capital to pay for the deal, the two companies said on Monday.
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