European Factors to Watch-Shares seen steady, focus on U.S. jobs

viernes 6 de marzo de 2015 03:21 GYT
 

(Adds futures prices, company news)
    LONDON, March 6 (Reuters) - European equities headed for a steady open on
Friday after recent sharp gains, with investors seen reluctant to place strong
bets before a U.S. jobs report that could provide hints about the timing of a
U.S. rate hike.
    A Reuters survey of economists forecast a 240,000 increase in non-farm
payrolls after a 257,000 gain in January. That would mark the 12th straight
month of job increases above 200,000, the longest such run since 1994.
 
    "If we see a pickup in wage growth as well, the bulls may get nervous that
the Fed will start prepping markets for a summer rate hike at the March
meeting," Jonathan Sudaria, dealer at London Capital Group, said in a note.
    In Europe, German industrial output rose more than expected in January, a
further sign that Europe's largest economy had a strong start to 2015.
 
    At 0719 GMT, futures for the Euro STOXX 50 were flat, Germany's DAX
futures rose 0.15 percent and France's CAC futures were down
0.07 percent.
    The FTSEurofirst 300 index of top European shares ended 0.8 percent
higher at 1,569.48 points in the previous session. It headed for a fifth
straight week of gains.
    
    COMPANY NEWS
    COMMERZBANK 
    Commerzbank AG is nearing an agreement to pay U.S. authorities more than
$1.4 billion to settle alleged violations of U.S. sanctions and a separate probe
that stemmed from transactions linked to an Olympus Corp accounting scandal,
according to two people close to the case. 
    
    AREVA 
    Standard & Poor's cut the credit rating of Areva two notches deeper into
non-investment grade status after the French nuclear group posted a record loss
and warned of deteriorating cash flows. 
    
    VOLKSWAGEN 
    The German carmaker will next week announce an investment worth around $1
billion in Mexico to expand its Puebla plant, a person familiar with the matter
said on Thursday. 
        
    PSA PEUGEOT CITROEN, GEMALTO 
    The French carmaker will return to the CAC-40 index on March 23 as the
digital security firm exits, stock market operator Euronext said.
 
    
    BANCO BPI, CAIXABANK 
    The bank's board of directors recommended on Thursday that shareholders
reject a takeover bid by Spain's Caixabank, saying an adequate bid price would
be 2.26 euros per share, far above the bid price of 1.329 euros. 
    
    BHP BILLITON 
    An Australian senator called for an inquiry into suspected foreign bribery
at top companies including miner BHP Billiton saying the country needs tighter
enforcement against corruption. 
    
    VINCI, EIFFAGE 
    French toll road operators expect to end a long-running dispute with the
government next week through an emerging compromise deal, a source close to the
companies said. 
    
    BANKIA 
    Spanish lender Bankia is selling a package of loans secured against 49
hotels and hopes to raise 400 million euros with the deal, El Confidencial
reported on Friday, citing sources familiar with the situation.    
    
    DEUTSCHE TELEKOM 
    The telecoms operator said it had appointed new executives at its Telekom
Deutschland unit. Michael Hagspuhl is now head of private clients, and Hagen
Rickmann as head of business clients.
    Separately, Telekom said BlackRock Financial exceeded the 5 percent
threshold of voting rights on March 2, and on that day had to 5.06 percent.
   
    THOMAS COOK GROUP 
    Chinese conglomerate Fosun International said it has bought a 5
percent stake in British travel group Thomas Cook Group, deepening its foray
into Europe's tourism sector after buying French holiday maker Club Med
 last month. 
    
    SCOR 
    Japan's Sompo Japan Nipponkoa Insurance has agreed to purchase about 15
percent of the French reinsurer, Nikkei reported. The Paris-based company had no
immediate comment. 
        
    WENDEL, BUREAU VERITAS 
    The French investment group said it had sold 10.9 percent of certification
group Bureau Veritas in a placement that raised about 1 billion euros.
 
    
    E.ON, MAINOVA 
    E.ON said on Friday the future of its Irsching gas-fired plant beyond March
2016 was in doubt due to an ongoing crisis in the power sector that has pushed
many of the company's plants into loss.
    Irsching 4 is fully owned by E.ON while Irsching 5 is also part-owned by
local utilities Mainova, N-Ergie and HSE. 
    
    DEUTSCHE POST 
    Deutsche Post's DHL Express unit will invest 85 million euros ($93.68
million) to expand its logistics centre in Singapore. The new logistics centre
will be operational in the first quarter of 2016.
  
    SIEMENS 
    German industrial group Siemens will house its German healthcare operations
in a standalone unit in the form of a GmbH legal entity on May 1, two sources
with knowledge of the matter said. 
    
    UBS  
    UBS France bullied a former worker who said she had refused to destroy
documents that might have been of interest to tax evasion investigators, a Paris
labour tribunal ruled on Thursday. 
    
    U.S. COMPANIES REPORTING :
    Q4 2014 Staples, Inc.                     
    
    MACROECONOMIC DATA/EVENTS (GMT)  :
    0745 FR Trade
    1000 EZ Revised GDP
    1330 US Non-farm payrolls
    1330 US International Trade
    1530 US ECRI Weekly
   
------------------------------------------------------------------------------
  MARKET SNAPSHOT AT 0613 GMT: 
  
                                                  LAST   PCT CHG    NET CHG   
 S&P 500                                      2,101.04    0.12 %       2.51   
 NIKKEI                                          18971    1.17 %     219.16   
 MSCI ASIA EX-JP                                485.12    0.34 %       1.66   
 EUR/USD                                        1.1019   -0.08 %    -0.0009   
 USD/JPY                                        120.04   -0.07 %    -0.0900   
 10-YR US TSY YLD                                2.117        --       0.01   
 10-YR BUND YLD                                  0.343        --      -0.01   
 SPOT GOLD                                   $1,198.74    0.05 %      $0.54   
 US CRUDE                                       $50.95    0.37 %       0.19   
  > DOLLAR REVVED UP FOR JOBS DATA, NIKKEI HITS A HIGH 
  > WALL ST CLOSES UP SLIGHTLY AHEAD OF JOBS REPORT 
  > NIKKEI HITS FRESH 15-YR HIGH ON ECB; FAMILYMART FALLS ON MERGER TALKS 
  > BOND PRICES MOSTLY FLAT AHEAD OF U.S. JOBS REPORT 
  > U.S. JOBS DATA NEXT TEST FOR BULLISH DOLLAR, EURO STRUGGLES 
  > GOLD HOVERS NEAR $1,200, SET FOR WEEKLY DIP ON ROBUST DOLLAR 
  > COPPER EYES SMALL WEEKLY LOSS AS STRONGER DOLLAR DRAGS 
  > BRENT CLIMBS ABOVE $61 ON MIDEAST SUPPLY CONCERNS 
 

 (Reporting by Atul Prakash)