CANADA STOCKS-TSX may open lower, banks in focus

Mon Jan 7, 2013 8:13am EST
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Jan 7 (Reuters) - Canada's main stock index looked set to open lower on Monday after Federal Reserve officials hinted that the central bank could halt its asset purchases program in 2013.

Investors may put banking stocks in focus after global regulators gave banks four more years and greater flexibility to build up cash buffers.


* Global regulators gave banks four more years and greater flexibility on Sunday to build up cash buffers so they can use some of their reserves to help struggling economies grow.

* Euro zone sentiment improved for a fifth consecutive month in January, with investors' expectations rising to their highest level in almost two years after a successful Greek bond buyback and a dip in Spanish jobless figures.

* Japan's new government will set up programs worth nearly $5 billion to boost businesses, including helping them buy foreign companies, according to a draft economic stimulus package seen by Reuters that could be approved this month.

* While the focus of last week's agreement between the Federal Trade Commission and Google Inc was search, the deal's restrictions on how Google uses its patents could have a broader impact on the technology industry.


* Canada stock futures traded down 0.32 percent   Continued...