European Factors to Watch-Shares seen pausing after rebound
LONDON May 20 (Reuters) - European shares were seen opening broadly flat on Wednesday following a strong rebound in the previous session.
At 0650 GMT, EuroSTOXX 50 futures were down 0.1 percent, German DAX futures were flat and French CAC futures were flat. UK FTSE futures were up 0.2 percent, with several UK companies reporting earnings and Bank of England minutes due to be released.
Financials were in focus, with UBS saying it had settled a probe by U.S. authorities over alleged rigging of currency markets by agreeing to pay $545 million in combined fines and pleading guilty to one count of wire fraud in a separate matter. UBS shares were seen rising at the open.
There was also more talk of deal-making in the telecoms sector, with France's Altice agreeing to buy U.S. firm Suddenlink and having held talks to buy Time Warner Cable. Liberty Global Chairman John Malone was also reported as saying a merger with Vodafone would be a "great fit".
Pan-European shares hit their highest level in three weeks on Tuesday after comments by the European Central Bank's Benoit Coeure pointed to a more aggressive roll-out of the ECB's bond-buying programme.
"Some of that (bullish) heat looks set to tail off a little today," said Michael Hewson, analyst at CMC Markets.
The Swiss bank said on Wednesday it has settled a probe by U.S. authorities over alleged rigging of currency markets by agreeing to pay $545 million in combined fines and pleading guilty to one count of wire fraud in a separate matter. Continuación...