European Factors to Watch-Shares seen edging up; earnigns in focus

miércoles 29 de abril de 2015 02:30 GYT

(Adds futures, company news)

LONDON, April 29 (Reuters) - European shares were expected to edge higher on Wednesday after a sharp fall in the previous session, with investors set to scrutinise a raft of earnings releases, especially in the banking and auto sector.

At 0628 GMT, futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were up between 0.2 percent and 0.3 percent.

PSA Peugeot Citroen raised its full-year European auto market growth forecast to 4 percent from 1 percent after reporting a 4.6 percent revenue increase in the first quarter, thanks to stronger pricing and a positive contribution from auto parts supplier Faurecia.

First-quarter net profit more than doubled at Spain's BBVA, the bank said on Wednesday, helped by one-off gains even though its lending income was weaker than expected.

Barclays set aside another 800 million pounds ($1.2 billion) on Wednesday to cover fines and settlements for alleged foreign exchange manipulation and other past conduct issues, dragging profits down by a quarter.

Automakers Volkswagen and Fiat Chrysler were among other European companies due to report on Wednesday.

Euro zone lending data for March, due at 0800 GMT, was also set to be in focus as investors gauge early indications of whether the European Central Bank's bond-buying programme is finding its way to the real economy.

European stock markets had slid on Tuesday after some weaker-than-expected corporate updates and U.S. confidence data.   Continuación...