CANADA STOCKS-TSX may open lower on Spain fears, Nexen to jump

Mon Jul 23, 2012 8:43am EDT
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July 23 (Reuters) - Toronto's main stock index looked set to open lower, tracking global markets, as Spain sparked concerns that it might need a full sovereign bailout after Murcia became the second Spanish region to say it would request help from the central government to keep it afloat.


* China's top offshore oil producer CNOOC Ltd has entered into an agreement to buy Nexen Inc for about $15.1 billion, the Chinese company said.

* U.S.-listed shares of Nexen jumped 55.2 pct in pre-market trade on news of the offer.

* Tiny Murcia was on course on Sunday to be the second Spanish region to request help from the central government to keep it afloat, as media reported half a dozen local authorities were ready to follow in the footsteps of Valencia.

* Investor Prem Watsa reported an almost 10 percent stake in Research in Motion Ltd as of July 4, according to a regulatory filing.

* Halliburton Co, the world's second-largest oilfield services company, posted a marginal increase in second-quarter profit as its international revenues grew.

MARKET SNAPSHOT   Continued...