Europe Factors to Watch-Oil sector in focus as Shell to buy BG

miércoles 8 de abril de 2015 02:29 GYT
 

PARIS, April 8 (Reuters) - European stocks were set for a mixed open on
Wednesday, taking a breather from their previous day's sharp rally, while the
energy sector will be in focus after Royal Dutch Shell agreed to buy BG
Group for 47 billion pounds ($70 billion) in the first oil super-merger
in a decade.
    The media sector will also be in the spotlight after sources said French
media conglomerate Vivendi is looking at a possible acquisition of
pay-TV group Sky, which has a market value of 17.6 billion pounds ($26
billion). 
    At 0623 GMT, futures for Euro STOXX 50 were down 0.1 percent, for
Germany's DAX up 0.1 percent, for France's CAC down 0.1 percent
and for FTSE 100 up 0.7 percent.
    European shares rose on Tuesday, with the FTSEurofirst 300 index of
top European shares gaining 1.6 percent, as FedEx's 4.4 billion euro
($4.8 billion) bid for Dutch package delivery firm TNT Express 
prompted a rally in the shares of other postal companies.
    Investors also awaited the start of the U.S. earnings season, set to kick
off on Wednesday with results from aluminum company Alcoa.
    First-quarter S&P 500 earnings are projected to have declined by 2.8 percent
from a year ago - which would make the quarter the worst for results since the
third quarter of 2009 - hurt by the surging dollar, falling oil prices and
another severe winter. 
       
------------------------------------------------------------------------------
  MARKET SNAPSHOT AT 0623 GMT: 
    
                                         LAST   PCT CHG  NET CHG
 S&P 500                             2,076.33   -0.21 %    -4.29
 NIKKEI                              19789.81    0.76 %   149.27
 MSCI ASIA EX-JP                        500.3    1.25 %     6.16
 EUR/USD                               1.0848    0.32 %   0.0035
 USD/JPY                               119.86   -0.33 %  -0.4000
 10-YR US TSY YLD                       1.876        --    -0.02
 10-YR BUND YLD                         0.170        --    -0.02
 SPOT GOLD                          $1,210.10    0.16 %    $1.90
 US CRUDE                              $52.94   -1.93 %    -1.04
                                                                
 
  > GLOBAL MARKETS-Japan shares hit 15yr high, BOJ stays the course 
  > US STOCKS-Wall St ends down, dollar gains offset deal news optimism 
  > Nikkei climbs to near 15-year high, retail fund flows support 
  > TREASURIES-Long bond prices rise with focus on auctions this week 
  > Dollar steps back, outlook solid on diverging monetary policy paths 
  > Gold holds above $1,200 as case for U.S. rate hike delay builds 
  > METALS-Shanghai nickel slides 3 pct on China construction worries 
  > Oil down on U.S. stock build, record Saudi output 
    
    COMPANY NEWS:
    
    ENERGY SECTOR
    Royal Dutch Shell said on Wednesday it had agreed to buy BG Group
 for 47 billion pounds ($70 billion) in the first oil super-merger in a
decade. 
    
    VIVENDI, SKY 
    French media conglomerate Vivendi is looking at a possible acquisition of
pay-TV group Sky, as one of several options to expand the reach of its own TV
group Canal Plus, three sources familiar with the matter said. 
    
    RENAULT 
    The French government has been buying shares in French carmaker Renault SA
to increase its stake to up to 19.73 percent with the aim of blocking a
resolution at the next annual general meeting that could reduce its control over
the company. 
    
    BANCO POPOLARE 
    Credit rating agency Fitch said on Tuesday it had affirmed the bank's
long-term Issuer Default Rating (IDR) at 'BBB' with negative outlook. At the
same time, Fitch has cut the lender's Viability Rating (VR) to 'bb' from 'bb+'
as a result of both a very high level of impaired loans and weak internal
capital generation. 
    
    BOLLORE 
    Niger and Benin signed a deal on Tuesday to finalise the terms of the
construction and operation of a railway linking Niamey with the port of Cotonou,
expected to be finished in the middle of next year. French firm Bollore will
cover the entire 1.07 billion euro cost of building the rail link, according to
the terms of the deal.
    
    SAINT-GOBAIN, SIKA 
    The French building materials company said it has extended an agreement with
the Burkard-Schenker family that would see it take control of Switzerland's Sika
in order to give it time to complete the deal in the face of opposition.
Saint-Gobain "is determined to go through with this transaction and is engaged
in a long-term strategy. We can be patient if we need to," a spokeswoman for the
group said. 
    
    ROCHE 
    The Swiss drugmaker said the European Commission has approved Avastin in
combination with chemotherapy as a treatment for women with advanced cervical
cancer. 
    
    NATIXIS 
    BPCE announced the closing of the disposal of its 24.5 percent interest in
Volksbank Romania.
    

 (Reporting by Blaise Robinson)