European Factors to Watch-Results to help euro zone shares edge up

jueves 30 de octubre de 2014 03:37 GYT

LONDON Oct 30 (Reuters) - European shares were set to edge higher on Thursday, helped by upbeat corporate updates from companies including drugmaker Bayer and car maker Renault.

Futures for the Euro STOXX 50 equity index, Germany's DAX and France's CAC were 0.2 percent higher, while contracts on Britain's FTSE 100 were 0.2 percent higher at 0733 GMT.

Asian stocks were mostly lower and the dollar surged to a three-week high versus the yen on Thursday after the U.S. Federal Reserve ended its massive quantitative easing programme, as expected, but laced its economic assessment with a tinge of hawkishness.

Yet euro zone indexes were seen rebounding as some blue-chip companies reported strong results or issued positive outlook statements.

Germany's largest drugmaker Bayer was indicated to open 2.1 percent higher after it said third-quarter underlying core earnings advanced by 1.4 percent, slightly surpassing expectations, on strong sales at its pesticides unit.

France's Renault upgraded its European auto market growth forecast for the full year and recorded a 6.7 percent rise in third-quarter revenue as price increases helped overcome weaker emerging market sales.

Italian luxury eyewear maker Luxottica posted solid third-quarter results on Wednesday while seeking to draw a line under a management crisis triggered by the abrupt departure of two chief executives in as many months.

Striking a positive note for the beleaguered oil services sector, France's Technip stuck to its revenue and operating margin targets for this year and next, after operating profit came in higher than expectations for the third quarter.

Falling oil prices have hit oil explorers and service providers. Dutch marine services group Fugro warned on Wednesday it would not pay a dividend for 2014 due to deteriorating markets and price pressure on oil and gas projects. Italy's Saipem issued a profit warning on Tuesday.   Continuación...