Europe Factors to Watch-Shares set to track Wall St gains

lunes 9 de junio de 2014 02:30 GYT
 

PARIS, June 9 (Reuters) - European stocks were set to rise on Monday,
building on last week's rally and tracking gains on Wall Street and in Asia in
the wake of reassuring U.S. jobs data.
    Trading volumes were expected to be thin on Monday in Europe due to a public
holiday in a number of countries including Germany and France, but equity
markets will be open across the region, apart from a few countries including
Switzerland, Austria and Greece.
    Both the Dow Jones industrial average and the S&P 500 hit
record closing levels on Friday after data showed U.S. nonfarm payrolls
increased by 217,000 in May, bringing employment back to its pre-recession
level. 
    European shares surged last week, in a rally triggered by new European
Central Bank measures to boost the region's recovery. 
    Italian stocks - which have been strongly outperforming since the start of
the year - will be in focus on Monday after Standard & Poor's affirmed its
ratings on Italy's sovereign debt at BBB/A-2 and maintained a negative outlook,
citing weak growth prospects for the third-largest economy in the euro zone.
 
    Italian lender Banca Monte dei Paschi di Siena said on Monday the
Italian treasury will let it delay interest payments on state loans in light of
the bank's 5-billion-euro ($6.81 billion) share issue that starts on Monday.
 
    On the macro front, data showed over the weekend that China's exports gained
steam in May thanks to firmer global demand, but an unexpected fall in imports
signalled weaker domestic demand. In Japan, first quarter growth beat initial
estimates on an unexpected surge in capital spending, sending a signal that the
world's third-biggest economy is in better shape to weather a hit to consumption
from a sales tax hike.  
    
    Europe bourses in 2014: (link.reuters.com/pad95v)
    Asset performance in 2014: (link.reuters.com/rav46v)
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  MARKET SNAPSHOT AT 0619 GMT:
                                         LAST  PCT CHG  NET CHG
 S&P 500                             1,949.44   0.46 %     8.98
 NIKKEI                                 15124   0.31 %    46.76
 MSCI ASIA EX-JP                       491.47   0.31 %      1.5
 EUR/USD                               1.3645   0.03 %   0.0004
 USD/JPY                               102.43  -0.04 %  -0.0400
 10-YR US TSY YLD                       2.600       --     0.00
 10-YR BUND YLD                         1.362       --     0.00
 SPOT GOLD                          $1,253.35   0.09 %    $1.12
 US CRUDE                             $102.88   0.21 %     0.22
  > GLOBAL MARKETS-ASIA STOCKS RISE, DOLLAR EDGES UP 
  > US STOCKS-JOBS REPORT TAKES DOW, S&P TO FRESH RECORD HIGHS 
  > NIKKEI CLIMBS TO 3-MONTH HIGH ON SOLID U.S. JOBS DATA 
  > FOREX-DOLLAR NUDGES UP VS YEN AFTER UPBEAT JOBS DATA, EURO STEADY 
  > PRECIOUS-GOLD STEADY ABOVE $1,250 BUT EQUITIES RALLY CURBS DEMAND 
  > METALS-SHANGHAI COPPER AT ONE-MONTH LOW ON FINANCING WORRIES 
  > BRENT STEADY ABOVE $108, BETTER U.S., CHINA DATA SUPPORT 
    
    COMPANY NEWS:
    
    BANCA MONTE DEI PASCHI DI SIENA 
    Italian lender Banca Monte dei Paschi di Siena said on Monday the Italian
treasury will let it delay interest payments on state loans in light of the
bank's 5-billion-euro ($6.81 billion) share issue that starts on Monday.
 
    
    ENEL 
    The group's new CEO Francesco Starace has earmarked the group's assets in
East Europe as possible assets for sale to help cut debt, Corriere della Sera
said on Saturday without citing sources.
    
    AXA 
    The French insurance group is interested in buying insurance assets put up
for sale by Brazilian bank Itau Unibanco, Chief Executive Henri de
Castries said. 
    
    ALTICE, NUMERICABLE 
    Altice exercised its option to buy 2.6 percent of Numericable capital from
funds Bechtel and Five Arrows, for a price of 121.5 million euros, giving Altice
a direct stake representing 40 percent of the capital and voting rights of
Numericable. 
    
    GECINA 
    Spanish builder Metrovacesa said it agreed to sell its 27 percent stake in
French peer Gecina to a group of investors as it unwinds a costly acquisition
made during Spain's housing boom in an effort to pay down debt. 
    
    DEUTSCHE BANK 
    Germany's largest lender said late on Friday it had considered taking a
stake in German first-division soccer club Borussia Dortmund BVB.DE but decided
against it. 
    Britain's financial regulator is seeking to fine former Deutsche Bank trader
Christian Bittar for his alleged role in trying to fix a benchmark interest
rate, reports by Bloomberg and the Financial Times said on Friday, citing
sources. 
    
    DEA, GENERALE DE SANTE 
    Italy's DeA Capital, which controls Generale de Sante through its Sante and
Sante Development Europe units, said on Monday it had extended until June 10 an
exclusivity period granted to Australia's Ramsay Health Care to submit
a binding offer for its French unit. 
    

 (Reporting by Blaise Robinson; Editing by Francesco Canepa and Shri Navaratnam)