Europe Factors to Watch-Shares set to rise; eyes on earnings

martes 28 de octubre de 2014 02:41 GYT
 

PARIS, Oct 28 (Reuters) - European stocks were set to rise on Tuesday,
reversing the previous session's dip as better-than-expected results from a
number of blue-chips including Novartis and UBS helped lift
sentiment.
    Financial spreadbetters expected Britain's FTSE 100 to open 19
points higher, or up 0.3 percent, Germany's DAX to open 27 points
higher, or up 0.3 percent, and France's CAC 40 to open 15 points higher,
or up 0.4 percent.
    Swiss lender UBS said it booked 1.8 billion Swiss francs ($1.9 billion) in
third-quarter charges as it discusses a settlement to an investigation that it
and other banks rigged foreign exchange rates. Even including the charge, UBS
posted a 32 percent rise in quarterly profit, beating forecasts. 
    Swiss drugmaker Novartis reported better-than-expected results on Tuesday,
as a pre-tax gain from the sale of its Idenix shareholding offset full copycat
competition to its former best-selling blood pressure pill Diovan.
 
    
    Europe bourses in 2014: (link.reuters.com/pad95v)
    Asset performance in 2014: (link.reuters.com/rav46v)
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  MARKET SNAPSHOT AT 0639 GMT: 
                                         LAST   PCT CHG  NET CHG
 S&P 500                             1,961.63   -0.15 %    -2.95
 NIKKEI                              15329.91   -0.38 %   -58.81
 MSCI ASIA EX-JP                       475.57    0.46 %     2.17
 EUR/USD                                 1.27    0.02 %   0.0003
 USD/JPY                               107.85    0.04 %   0.0400
 10-YR US TSY YLD                       2.252        --    -0.01
 10-YR BUND YLD                         0.873        --     0.00
 SPOT GOLD                          $1,228.57    0.28 %    $3.43
 US CRUDE                              $80.73   -0.33 %    -0.27
 
  > GLOBAL MARKETS-ASIAN SHARES, DOLLAR TREAD CAUTIOUSLY AHEAD OF FED 
  > WALL ST FLAT AFTER LAST WEEK'S BIG GAIN; ENERGY WEIGHS 
  > TOKYO'S NIKKEI SHARE AVERAGE CLOSES DOWN 0.38 PCT 
  > TREASURIES-U.S. BOND PRICES EDGE UP ON WEAK DATA, BRAZILIAN ELECTION 
  > DOLLAR STRUGGLES AS SOFT DATA PUSH YIELDS LOWER, FED AWAITED 
  > PRECIOUS-GOLD RECOVERS FROM 2-WEEK LOW, ALL EYES ON FED MEET 
  > METALS-LME COPPER HOVERS NEAR 2-WEEK HIGH, SUPPLY CONCERNS SUPPORT 
  > BRENT FALLS TOWARDS $85 AMID SUPPLY GLUT, LOWER PRICE FORECASTS 
    
    COMPANY NEWS:
    
    UBS 
    UBS said it booked 1.8 billion Swiss francs ($1.9 billion) in third-quarter
charges as it discusses a settlement to a investigation that it and other banks
rigged foreign exchange rates. Even including the charge, UBS posted a 32
percent rise in quarterly profit, beating forecasts. 
    
    NOVARTIS 
    The Swiss drugmaker reported better-than-expected results on Tuesday, as a
pre-tax gain from the sale of its Idenix shareholding offset full copycat
competition to its former best-selling blood pressure pill Diovan. 
    
    HOLCIM, LAFARGE 
    The two building materials groups said on Tuesday they had formally notified
the European Commission of their merger plan. 
    
    STANDARD CHARTERED PLC 
    The lender said operating profit for the third quarter fell 16 percent, hurt
by rising costs from the restructuring of its South Korean business and a
doubling of impaired loans. 
    
    MONTE PASCHI DI SIENA 
    Italy's Monte dei Paschi di Siena is likely to have to sell assets to fill a
capital hole uncovered by European regulators, with shareholders reluctant to
stump up cash after a recent fundraising and would-be buyers of the bank holding
back. 
    
    UNICREDIT 
    UniCredit, Italy's biggest bank by assets, does not plan to distribute
excess capital, Chief Executive Federico Ghizzoni said on Monday. 
    
    MEDIOBANCA 
    Italy's top investment bank said on Tuesday its net profit fell 6.4 percent
in the first three months of its financial year as one-off capital gains boosted
the previous year's figure.
    
    CELESIO 
    German drug distributor lowered its 2014 operating profit forecast on
Tuesday, saying the unfavourable situation in Germany, France and Brazil was
affecting earnings more than previously expected.
    
    TECHNIP 
    The oil services company said that in a joint venture with Fluor
Corporation, it won an engineering, procurement, and construction management
contract from Sasol for its world scale ethane cracker and derivatives complex
near Lake Charles, Louisiana. Financial terms were not disclosed. 
    
    KVAERNER 
    The Norwegian oil services firm which builds large structures like
platforms, posted third-quarter earnings above expectations on Tuesday and
raised its full-year revenue guidance.
    
    

 (Reporting by Blaise Robinson)