European Factors to Watch-Shares seen down, eye steepest weekly fall of 2015

viernes 5 de junio de 2015 02:29 GYT
 

(Adds quotes)
    LONDON, June 5 (Reuters) - European shares were indicated to open lower on
Friday, setting a key regional index on course for its steepest weekly fall so
far this year, after Greece delayed a key debt payment and as caution prevailed
ahead of U.S. employment data.
    At 0624 GMT, futures for the Euro STOXX 50, Germany's DAX 
and France's CAC were down between 0.6 percent and 0.9 percent.
Britain's FTSE futures were down 0.3 percent.    
    The pan-European FTSEurofirst 300 index was already down 3.7
percent since the start of the week, setting it on course for its steepest
weekly loss since December amid a broad market rout which saw yields on German
Bunds rise to eight-month highs on Thursday.
    "I would stay short until there is more clarity on Greece," Mike Reuter, a
trader at Tradition, said. 
    Greece delayed a payment to the International Monetary Fund due on Friday as
Prime Minister Alexis Tsipras, facing fury among his leftist supporters,
demanded changes to tough terms from international creditors for aid to stave
off default. 
    "We expect market participants to look for life vests today," analysts at
Euroxx Research in Athens wrote in a note.
    U.S. and Asian shares fell sharply overnight while the dollar strengthened
after data showed the U.S. labor market tightening, suggesting the Federal
Reserve will remain on track to raise interest rates later this year.
    Economists polled by Reuters expect May's non-farm payrolls report, due at
1230 GMT, to show U.S. employers added 225,000 jobs in May, which would
reinforce expectations of a rate hike as early as September. 
    
    COMPANY NEWS
    
    VODAFONE 
    Network operator Vodafone Group Plc and cable telecoms company Liberty
Global Plc are looking at a range of transactions including a merger,
Bloomberg reported. 
    
    UBS, CREDIT SUISSE, HSBC, Barclays,
DEUTSCHE BANK, RBS 
    Up to nine banks including Barclays, Deutsche Bank, HSBC Holdings, Royal
Bank of Scotland, UBS and Credit Suisse are expected to pay settlements from a
few hundred million dollars to $2 billion to $3 billion each related to soured
mortgages, the Wall Street Journal reported, citing people familiar with the
matter. 
    
    DEUTSCHE TELEKOM 
    Dish Network Corp and T-Mobile US Inc are discussing a
deal to combine the second-largest satellite TV operator in the United States
with the fourth-largest wireless carrier, a person familiar with the matter said
on Thursday.    
    
    SYNGENTA 
    U.S. agrochemicals firm Monsanto Co and its advisers are working flat out to
accommodate Syngenta's qualms about regulatory hurdles to a deal whose perils
may well outweigh the rewards.
    For more click on 
    
    AIRBUS  
    Vietnam is in talks with European and U.S. contractors to buy fighter jets,
maritime patrol planes and unarmed drones, sources said. The previously
unreported aircraft discussions have involved Swedish defence contractor Saab
, European consortium Eurofighter, the defence wing of Airbus
Group and U.S. firms Lockheed Martin Corp and Boeing, said
industry sources with direct knowledge of the talks.
    
    SAINT-GOBAIN 
    Chief Executive Pierre-Andre de Chalendar said that the group had received
five firm offers with financing in place for glass bottle maker Verallia and
that he hoped to complete the sale of the unit in the third quarter.
 
    
    MUNICH RE 
    Reinsurance price declines slowed to a high single-digit percentage range
for U.S. property-catastrophe contracts renewed in June, reinsurance broker Guy
Carpenter said on Thursday. Prices had fallen by 15 percent on average over the
last two years, it said.
  
    SIEMENS 
    Siemens has won an order from British utility Scottish Power to build more
than 100 offshore wind turbines for the East Anglia One project, the first order
for Siemens' new British factory in Hull. 
    
    DEUTSCHE POST 
    German services union Verdi said it stood ready to declare an open-ended
strike at any moment over pay and conditions after an offer deadline passed
without a response from Deutsche Post.
    
    VOLKSWAGEN 
    China has given Volkswagen a green light to raise its stake in a joint
venture with its local partner, state-owned automaker FAW, the German company
said on Thursday. 
    
    METRO 
    Canadian retailer Hudson's Bay plans to make a binding bid for
Metro's department store chain Kaufhof as soon as possible, according to a
source familiar with the matter. 
    
    NESTLE 
    Food group Nestle has withdrawn Maggi noodles from sale in India due to "an
environment of confusion for consumers", following a food scare sparked by
reports of excess lead in some packets of the popular instant snack.
    For more click on 
    
    BNP PARIBAS 
    The French bank is targeting a return on notional equity (RONE) at its
investment banking business of 20 percent in 2019, up from 16 percent now, Les
Echos newspaper reported. 
    
    NATIXIS, EDF 
    Natixis said it arranged a 1.4 billion euro senior debt refinancing of
French virtual power plant Exeltium, which it described as the largest power
project refinancing on the French market. 
    
    TOTAL 
    A World Bank initiative to eliminate the waste and pollution of routine gas
flaring remains unsigned by some of the main countries involved, undermining
industry demands this week for special treatment on the grounds gas is cleaner
than coal. Total is among the oil companies that have signed up to the
initiative. 
    
    BANCA CARIGE 
    The Genoa-based lender said on Thursday it would offer new shares in the
bank at 1.17 euros each, or at a 35.2 percent discount to the theoretical
ex-rights price (TERP) calculated on Thursday's closing price. 
    
    SAIPEM 
    Italian market watchdog Consob said on Thursday it had banned short selling
on Saipem's shares in the trading session of June 5.
    
    TELECOM ITALIA 
    INWIT, the tower unit of the Italian phone company, said on Thursday that
the market watchdog had given its green light to the prospectus of its initial
public offering. Telecom Italia could sell up to 40 percent in the IPO, INWIT
said. 
    
    A2A 
    Conference on grids with Chairman Giovanni Valotti, AEEGSI Authority
President Guido Bortoni; A2A CEO Valerio Camerano delivers closing address (0730
GMT).
    
    ALLIANZ 
    Morningstar analysts said they had a "cautiously optimistic outlook" for
Pimco's future but money exiting the firm's flagship fund nad its new leadership
team remained huge concerns. The Pimco total Return Fund alone shed more than an
estimated $180 billion in net assets between mid-2013 and May 2015. Total firm
assets under management fell approximately 15 percent from $1.88 trillion as of
September 2014 to $1.59 trillion as of March 2015. 
    

    
    MAJOR EUROPEAN COMPANIES REPORTING:    
 RIC          Event Name
              Bellway PLC Interim Management Statement Release
              Full Year 2014/2015 Halfords Group PLC Earnings Release
    
    MAJOR MACROECONOMIC DATA/EVENTS (GMT)  :
    0600 DE Industrial orders Apr
    1230 US Non-farm payrolls, unemployment May  
    
    
  > Euro off highs, China shares swing to new peak                
  > Wall St drops before jobs report; Greece worries linger              
  > Nikkei falls on weakness in global shares, focus on U.S. jobs data   
  > Long-term yields fall from 8-month highs in line with German bonds 
  > Euro pulls away from highs ahead of U.S. jobs data                 
  > Gold near 5-week low ahead of US jobs data, eyes 3rd weekly drop   
  > Copper facing third weekly loss as demand set to ebb              
  > Oil prices edge