European Factors to Watch-Shares seen falling at the open

jueves 18 de junio de 2015 02:20 GYT
 

(Adds company news)
    LONDON, June 18 (Reuters) - European shares were indicated to open lower on
Thursday as hopes of a deal between Greece and its creditors at a summit later
in the day receded, further straining investor nerves after weeks of fruitless
negotiations.
    At 0618 GMT, futures for the Euro STOXX 50, Germany's DAX,
France's CAC indexes were down between 0.4 percent and 0.7 percent.
Contracts on Britain's FTSE were down 0.3 percent. 
    Hopes of a breakthrough on Thursday at a meeting of European finance
ministers, once seen as the last opportunity for an agreement, looked
increasingly remote. 
    "Traders are keen to limit long equity exposure until some sort of clarity
around Greece emerges," Stan Shamu, a strategist at IG, said in a trading note.
    Worries about the Greek crisis and its potential ramification to the rest of
the euro zone more than offset the more positive sentiment coming from Wall
Street, where U.S. shares ended slightly higher after the Federal Reserve said
the U.S. economy is likely strong enough to withstand an interest rate hike
later this year. 
    
    COMPANY NEWS
    
    BILFINGER 
    Indicated down 6.6 percent 
    The German engineering services firm plans to put its loss-making Power unit
up for sale, its new chief executive said on Wednesday, cutting its losses after
five profit warnings in the past year. 
    
    SAP 
    Indicated down 1.6 percent
    SAP rival Oracle Corp forecast quarterly profit below analysts'
estimates and said weak sales of its traditional database software licenses were
made worse by a strong U.S. dollar that lowered the value of foreign revenue.
 
    
    BMW, DAIMLER, VOLKSWAGEN, NOKIA 
    Shares indicated down 0.8 to 1.1 percent
    The three carmakers are preparing an offer for Nokia's maps business, as
binding bids are due by end of Thursday, two sources familiar with the process
told Reuters. 
    Separately, Bloomberg reported that Nokia is leaning toward selling its maps
business to a group of German carmakers, although price differences remain,
according to people familiar with the matter. 
    
    NOVARTIS 
    Novartis AG said on Thursday it expects to increase its profit
margin this year as it restructures its drug portfolio and cuts costs, as well
as generate cash for a higher dividend and smaller, strategic acquisitions. 
    For more click on 
    
    SOCIETE GENERALE, CREDIT AGRICOLE 
    French bank Credit Agricole said on Wednesday that it and Societe Generale
had decided to sell shares of their Amundi asset management joint venture in an
initial public offering (IPO) by the end of the year. 
    
    ALSTOM 
    General Electric Chief Executive Jeff Immelt said on Wednesday he has not
seen any European Union objections to GE's plan to buy Alstom's gas turbines
business that are different from those in GE's other European acquisitions in
the past decade. 
    
    DEUTSCHE TELEKOM 
    Comcast Corp is not interested in buying T-Mobile and has
not discussed a deal with its parent Deutsche Telekom, Bloomberg reported,
citing a person familiar with the matter. 
    
    
    FIAT CHRYSLER 
    General Motors and Fiat Chrysler Automobiles have turned to
investment banks for advice in a face-off as FCA seeks to force a merger with
its Detroit-based rival, according to several sources familiar with the matter.
 
    
    TELECOM ITALIA 
    The Italian phone group is set to raise up to 875 million euros ($992
million) from the bourse listing of its tower unit INWIT after its shares were
priced on Wednesday at 3.65 euros each. 
    
    PROSIEBEN 
    Indicated down 2.5 percent
    Popular German TV entertainer Stefan Raab will end his broadcasting career
at the end of 2015 after 16 years at broadcaster ProSieben, the company said.
    
    MAJOR EUROPEAN COMPANIES REPORTING:
    
 RIC         Event Name
             Q2 2015 SAS AB Earnings Release
             Full Year 2014 Poundland Group PLC Earnings Release
             Q1 2015 Premier Farnell PLC Trading Statement Release
 
    
    MAJOR MACROECONOMIC DATA/EVENTS (GMT)  :
    0830 GB Retail sales May
    1230 US CPI May
    1230 US Initial jobless claims w/e
    1400 Leading index May
    
  
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 (Reporting By Francesco Canepa)