European Factors to Watch-UK shares to lead Europe higher after vote

viernes 8 de mayo de 2015 02:37 GYT

LONDON, May 8 (Reuters) - UK shares were set to lead a rebound in European
equity indexes on Friday after  early poll results showed Prime Minister David
Cameron's Conservatives are set to govern Britain for another five years.
    Broader market sentiment was also supported by a return to calm in U.S and
European government bonds after the recent selloff, with investors holding fire
ahead of key U.S. jobs data due later in the session.
    At 0632 GMT, futures for Britain's FTSE index were up 1.7 percent,
with contracts on the Euro STOXX 50, Germany's DAX and France's
CAC up between 0.3 percent and 0.5 percent.    
    European shares in the FTSEurofirst 300 index have fallen 6 percent
from a 14-1/2 year peak hit in April as a rebound in oil prices raised the
spectre of an early interest rate hike in the United States at a time of patchy
economic growth.
    Investors were likely to focus on U.S. employment data due at 1230 GMT for
an indication of the state of the world's largest economy. 
    BRITISH ELECTION: Prime Minister David Cameron's Conservatives are set to
govern Britain for another five years after an unexpectedly strong showing, but
may have to grapple with renewed calls for Scottish independence after
nationalists surged. 
    Indicated 2.6 pct lower
    Bilfinger has become the first international company to disclose to Brazil
that it may have paid bribes as it seeks leniency under a new anti-corruption
law, Comptroller General Valdir Simão said on Thursday. 
    Separately, the company said human error was partly to blame for repeated
profit warnings at the German engineering services firm over the past year but
denied on Thursday there were systematic failures of corporate governance.
    Agricultural companies Monsanto and Syngenta are working
with investment banks on a takeover deal that would create an industry behemoth
with combined sales of more than $31 billion, three sources familiar with the
matter said. Monsanto made an initial offer to buy Syngenta for about $45
billion, Bloomberg reported, citing people familiar with the matter. 
    For more, click on 
    Telecom Italia posted a 7.7 percent drop in first-quarter core profit on
Thursday, hit by an economic slowdown in Brazil, but said pressure on its
domestic business eased thanks to a greater focus on broadband and mobile
internet services. 
    Conference call on Q1 results(1000 GMT).
    The Italian aerospace and defence group stuck to its 2015 outlook on
Thursday after posting an 11 percent increase in core earnings in the first
quarter, boosted by higher sales at its helicopter and defence electronics
    Conference call on Q1 results on Friday
    A privately-held Czech energy group and a Slovak-Hungarian consortium are
bidding for a stake Enel holds in the main Slovak electricity utility Slovenske
Elektrarne, the companies said on Thursday. 
    Enel's Spanish unit Endesa said its Q1 core earnings rose 4.7 percent to 952
million euros. 
    The group holds a conference call on first quarter results at 0730 GMT.
    Italian cable maker Prysmian expects core earnings to reach as much as 610
million euros this year, from 509 million euros in 2014, after posting a 53
percent rise in the first quarter. 
    The Danish hearing aid maker repeated Thursday its financial guidance for
2015 and said local-currency sales growth in the first quarter was satisfactory,
without disclosing figures. Exchange rate fluctuations positively affected
revenue, it said. 
    For more on the company, click on 
    The Danish telecoms operator reported on Thursday first-quarter underlying
core profit a touch below analysts' expectations but kept its full-year guidance
    Earnings before interest, tax, depreciation and amortisation  rose to 2.47
billion crowns ($376 million) from 4.3 billion a year ago, below a forecast for
2.5 billion in a Reuters poll.
    For more on the company, click on 

    The Norwegian conglomerate posted first-quarter earnings ahead of
expectations on Thursday as its branded consumer goods unit performed well,
despite a drag from a weaker Swedish and Norwegian currencies, it said.
    Orkla's pretax profit rose 37 percent to 795 million crowns ($107 million),
beating forecasts for 725 million crowns in a Reuters poll of analysts. 
    For more on the company, click on 
    Italcementi said on Thursday it confirmed its 2015 outlook after posting Q1
recurring EBITDA of 95.2 million euros. 
    Investors in the Swiss cement maker are due on Friday to vote on a capital
increase which aims to pave the way for a planned $40 billion merger with
France's Lafarge. 
    For more, click on 
    Activist investor Knight Vinke, which is pushing for changes at UBS AG
, said on Thursday it continued to have concerns about the bank's
    For more, click on 
    A U.S. appeals court has blocked the sale of Novartis AG's 
recently approved "biosimilar" form of Neupogen, Amgen Inc's AMGN.O blockbuster
drug used to prevent infections in cancer patients.
    For more, click on 
    A key Democrat in the U.S. House of Representatives is calling for a public
hearing to vet a request by Deutsche Bank to continue managing retirement
accounts, after one of its units pleaded guilty to manipulating interest rates
last month. 
    The United Auto Workers said on Thursday it wants to enter new talks with
Volkswagen AG about recognizing the union as collective bargaining agent for
workers at the German automaker's plant in Chattanooga, Tennessee.
               Rolls-Royce Holdings PLC Interim Management Statement Release
               Q1 2015 Atlantia SpA Earnings Release
               Q1 2015 Banca Monte dei Paschi di Siena SpA Earnings Release
               Q1 2015 Buzzi Unicem SpA Earnings Release
               Q1 2015 Fresenius SE & Co KGaA Earnings Release (IFRS)
               Interim Q2 2015 Osram Licht AG Earnings Release
               Q1 2015 Acciona SA Earnings Release
               Q1 2015 Man Group PLC Interim Management Statement Release
               Q1 2015 Nokian Tyres plc Earnings Release
               Q1 2015 Schibsted ASA Earnings Release
               Q1 2015 AGEAS SA Earnings Release
               Q1 2015 BG Group PLC Earnings Release
               Q1 2015 InterContinental Hotels Interim Management Statement 
               Q1 2015 Swedish Match AB Earnings Release
    0545 CH Unemployment Apr
    0600 DE Industrial output, trade balance Mar
    0700 GB Halifax House Prices Apr
    0715 CH CPI Apr
    0800 IT Industrial output Mar
    0830 GB Goods trade balance Mar
    1230 US Non-farm payrolls Apr
    1400 US Wholesale sales Mar
  > Asian shares rebound, sterling jumps on UK exit polls            
  > Wall Street ends stronger as global debt worries fade            
  > Nikkei recovers from 1-month low as bond sell-off pauses         
  > TREASURIES-Prices rise, knocking yields from 2015 highs          
  > Sterling shines on expectations UK's Cameron will stay in office 
  > Gold holds losses below $1,200; US jobs report eyed              
  > London copper drifts on China concerns; US jobs in focus          
  > Oil prices fall on oversupply fears, ignore record China imports 

 (Reporting by Francesco Canepa; Editing by Sudip Kar-Gupta)