European Factors to Watch-Shares to inch up; eyes on Greece, inflation

martes 2 de junio de 2015 02:35 GYT
 

(Adds further company news)
    LONDON, June 2 (Reuters) - European shares were indicated to inch higher on
Tuesday, keeping within their recent range as investors awaited euro zone
inflation data due later in the day and developments out of Greece's
negotiations with it creditors.
    At 0633 GMT, futures for the Euro STOXX 50, Germany's DAX,
France's CAC and Britain's FTSE indexes were up between 0.1
percent and 0.3 percent.
    The leaders of Germany, France and Greece's international creditor
institutions agreed late on Monday to work with "real intensity" in the coming
days as they try to clinch a deal in debt negotiations with Athens.
 
    "It (the market) is inside ranges every day although the ranges are quite
wide," Justin Haque, a trader at brokerage Hobart, said.
    "The real money is still sitting on the sidelines because God knows what's
going to happen to Greece."
    Investors will be looking out for German unemployment data at 0755 GMT and a
euro zone inflation reading due just over an hour later. Inflation expectations
for the currency bloc have picked up recently, partly due to rebounding oil
prices. The European Central Bank, which launched an asset purchase programme to
stimulate inflation earlier this year, holds a policy meeting on Wednesday.

    
    COMPANY NEWS
    
    SIKA 
    Sika said the Cantonal Court of Zug had served it with a challenge and
voting right action of Schenker Winkler-Holding (SWH) against certain
resolutions of the ordinary general meeting of Sika on April 14, 2015. SWH
challenges in particular the re-election to the board of directors of Ribar and
Haelg, Sauter, Suter and Tobler as well as the non-election of Roesle to the
board, Sika said, adding it will respond to the action of SWH in the context of
the court proceedings. 
    
    BP 
    The United Arab Emirates' Dana Gas has signed an agreement for BP
to pay for part of its exploration costs in the El Matriya onshore concession
area in Egypt, the UAE firm said on Tuesday. 
    
    HSBC 
    HSBC Holdings Plc could announce thousands of job cuts at a strategy day
next week, Sky News reported on Monday, part of chief executive Stuart
Gulliver's overhaul plan that could also see him sell operations in Brazil and
Turkey and take a knife to his investment bank.   
    HSBC Holdings Plc was on Monday ordered to face three U.S. lawsuits accusing
it of breaching its duties as a trustee overseeing residential mortgage-backed
securities that suffered more than $34 billion of losses in the global financial
crisis. 
   
    ROYAL BANK SCOTLAND 
    British Finance Minister George Osborne is set to announce plans next week
at Mansion House speech regarding the privatisation of Royal Bank of Scotland,
the Financial Times reported. 
    
    GLENCORE 
    Colombia's Constitutional Court has extended a restriction on the overnight
use of the country's main coal railway, Fenoco, and has partially suspended
construction work on an adjacent track for three months, media reported late on
Monday. The railway is jointly owned by Glencore unit Prodeco. 
    
    BRITISH AMERICAN TOBACCO 
    Three tobacco companies, including a subsidiary of BAT, said on Monday they
would appeal a Canadian court ruling that awarded more than C$15 billion ($11.98
billion) in damages to Quebec smokers in two related class action cases.
 
    
    
    NOVARTIS 
    Novartis said CTL019 data showed its potential in the treatment of specific
types of hard-to-treat non-hodgkin lymphoma and highlight preliminary safety and
efficacy data for the medicine in other indications. 
    Novartis said new one-year data for secukinumab, the first IL-17A inhibitor
to show significant improvement in ankylosing spondylitis (AS) signs and
symptoms, was to be presented at European League Against Rheumatism meeting
(EULAR). 
    
    ROCHE 
    Roche said it would collaborate with Amgen on a phase 1b study to evaluate
the safety and efficacy of talimogene laherparepvec, Amgen's investigational
oncolytic immunotherapy, in combination with Roche's investigational anti-PDL1
therapy atezolizumab, in patients with triple-negative breast cancer and
colorectal cancer with liver metastases. 
    
    MERCK KGaA's 
    The head of Merck KGaA's healthcare division said she expected its cancer
drug avelumab, jointly developed with Pfizer, to be among the first two
or three to market in a field of immunotherapy pharmaceuticals that harness the
power of the immune system in a range of cancer types. 
    
    AIR FRANCE 
    Air France faces its second safety investigation in as many weeks after
pilots were forced to recover in mid-takeoff after entering the wrong data into
the computer of a cargo jet, airline and safety officials said. 
    
    BNP 
    Hong Kong's securities regulator has fined French bank BNP Paribas SA's
Asian securities unit for failure to report more than HK$6 billion ($773.53
million) of cross trades to the city's stock exchange in the 10 years to 2013.
    
    
    FIAT CHRYSLER AUTOMOBILES 
    Fiat Chrysler Automobiles in the past year has delayed the redesign or
release of at least a dozen current or new vehicles in North America, according
to suppliers familiar with the company's plans. The unusual number of delays
could let the automaker defer billions of dollars in investment while searching
for a partner. 
    New car sales in Italy, Europe's fourth-largest car market, rose 10.78
percent in May from the same month a year ago to 146,582 vehicles, Italy's
transport ministry said on Monday. 
    The CEO of Tesla said on Monday Chrysler had not asked the company about a
merger. 
    
    CNH INDUSTRIAL 
    The truck company said on Monday it had completed an offer to exchange up to
$500 mln of 3.375 percent notes due 2019 registered under Securities Act for
outstanding unregistered 3.375 pct notes due 2019. 
    
    OHL 
    Fitch said on Monday it was putting Spanish builder OHL's rating on negative
watch, after shares in its Mexican unit fell sharply in the midst of
a corruption scandal. 
    
    ENI 
    A manager in Libya's Mellitah oil and natural gas consortium, owned by state
oil firm NOC and Italy's Eni has been kidnapped, employees said on Monday.
 
    
    EXOR, PARTNERRE, AXIS 
    PartnerRe and Axis said on Monday in a letter on the PartnerRe website they
had both called special shareholder meetings on the merger of the two companies
on July 24, confirming what sources told Reuters. 
    The two reinsurers reiterated they would recommend their shareholders vote
for the merger. Exor has made a bid for PartnerRe.
    
    DEUTSCHE BANK 
    Deutsche Bank's outgoing retail bank head Rainer Neske is leaving without a
payout, Handelsblatt newspaper reports.
        
    BANCA MONTE DEI PASCHI DI SIENA 
    Italian businessman Alessandro Falciai bought 163,000 Monte Paschi shares
over the two days May 26 and May 28 for a total of 951,954 euros, according to
filings on Monday. Falciai, already a shareholder, has previously said he will
buy into the lender's 3 billion euro rights issue.
    
    MEYER BURGER 
    Meyer Burger said it had been selected by Lerri Solar Technology to supply
MB PERC upgrade cell solution and PV measurement technology. The order volume is
around 16.5 million Swiss francs, the firm said. 
    
    MAJOR EUROPEAN COMPANIES REPORTING:
    
 RIC          Event Name
              Q3 2015 Aryzta AG Trading Update
              Q3 2015 Wolseley PLC Interim Management Statement Release
              Amec Foster Wheeler PLC Trading Statement Release
     
    MAJOR MACROECONOMIC DATA/EVENTS (GMT)  :
    0755 DE Unemployment May
    0830 GB BoE consumer credit, mortgage lending Apr
    0900 EZ Inflation May
    1400 US Factory orders Apr    
    
    
  > Dollar stands tall, Asian shares slip                          
  > Wall St edges up after recent losses, mixed data               
  > Nikkei rises for 13th day helped by better shareholder returns 
  > TREASURIES-Yields climb to one-week peaks on upbeat U.S. data  
  > Dollar rises above 125 yen for first time since late 2002      
  > Gold dips further below $1,200 on robust U.S. data, dollar     
  > Copper holds near $6,000 as global factories sputter           
  > Oil prices stabilize, firm demand counters oversupply          
    

 (Reporting By Francesco Canepa)