CANADA STOCKS-TSX may open lower; earnings eyed

Tue Jan 22, 2013 8:27am EST
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Jan 22 (Reuters) - Canada's main stock index looked set to open lower on Tuesday, as investors remain wary about upcoming earnings from key U.S. and Canadian companies and progress over the debt deal by U.S. lawmakers.


* Inmet asked its shareholders to reject First Quantum Minerals Ltd's C$5.1 billion hostile offer, terming the bid inadequate.

* The Bank of Japan announced its most determined effort yet to end years of economic stagnation, saying it would switch to an open-ended commitment to buying assets next year and double its inflation target to 2 percent.

* German analyst and investor sentiment rose sharply for a second consecutive month in January in a sign that the euro zone crisis is no longer hitting Europe's largest economy as hard as in late 2012.

* Verizon posted a $1.93 billion quarterly loss on pension liabilities and superstorm Sandy-related charges that took the shine off a jump wireless business revenue.

* Germany, France and nine other euro zone countries will get the go-ahead to push on with a financial transactions tax, a measure likely to unsettle banks but which will please voters and raise much-needed revenue.

MARKET SNAPSHOT   Continued...