CANADA STOCKS-TSX may open lower on U.S. 'fiscal cliff' concerns

Mon Dec 24, 2012 8:30am EST
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Dec 24 (Reuters) - Toronto's main stock index looked set to track the U.S. market lower on Monday, amid caution over stalled talks about the U.S. fiscal cliff, with both President Barack Obama and House Speaker John Boehner out of Washington for the holidays.


* The wheels could come off the U.S. economy even before it has shifted out of second gear unless politicians reach a last-minute deal to avoid $600 billion in tax rises and spending cuts that kick in next month.

* Rosneft said it secured combined loans of $16.8 billion to finance the acquisition of 50 percent stake in Anglo-Russian oil producer TNK-BP from BP.

* The London Stock Exchange cut its offer for a majority stake in transatlantic clearing house LCH.Clearnet by a quarter to 366 million euros to reflect new capital requirements.

* Two days after stepping down, Mario Monti announced on Sunday he would consider seeking a second term as Italian prime minister if approached by allies committed to backing his austere brand of reforms.


* U.S. stock futures , , were down around 0.27 percent to 0.43 percent

* European shares, were down   Continued...