European Factors to Watch - Shares seen tracking U.S. stocks lower

miércoles 22 de julio de 2015 02:30 GYT

LONDON, July 22 (Reuters) - European shares headed for a lower open on
Wednesday, tracking falls in U.S. equities, with focus on company results as the
second-quarter earnings season gathers pace in Europe.
    Futures for the Euro STOXX 50, Germany's DAX, Britain's
FTSE and France's CAC traded between 0.7 and 0.5 percent lower
by 0628 GMT.
    European stocks retreated on Tuesday from the six-week high hit in the
previous session, with the FTSEurofirst 300 index of top European shares
 down 1.1 percent at 1,596.34 points by the close.
    U.S. stocks also closed lower on Tuesday as results from IBM and United
Technologies that dampened early optimism over earnings season, and
after-the-bell declines in major tech shares suggested losses would continue on
    Among others, shares in Apple Inc tumbled 8 percent after the
world's largest publicly traded company by market value forecast fourth-quarter
revenue below estimates.
    "After the recent relief rally we've had, it looks as though the bulls have
exhausted themselves,"  Jonathan Sudaria, trader at London Capital Group, wrote
in a note.
    "There's little in the way of new catalysts to keep markets chugging higher,
certainly not US earnings, so traders are starting to take some profits off the
    EDF, AREVA - French Economy Minister Emmanuel Macron
said details of the tie-up between utility EDF and nuclear reactor maker Areva
would be announced on July 31, with a recapitalisation plan to be set out in
    BHP BILLITON - BHP Billiton beat its own production guidance for
iron ore in fiscal 2015 and said it was on track for additional growth, though
it also flagged a further hit to its full-year underlying profit of up to $650
million, chiefly linked to writedowns in its copper business. 
    HSBC - A federal judge rejected HSBC Holdings Plc's bid to dismiss
a U.S. lawsuit claiming that its failure to perform its duties as trustee for
$2.37 billion of residential mortgage-backed securities contributed to the
downfall of five federal credit unions. 
    BARCLAYS - British bank Barclays has denied receiving an offer of a
deferred prosecution agreement (DPA) from the UK Serious Fraud Office (SFO),
relating to a probe into its multi-billion pound fundraisings during the 2008
financial crisis. 
    K+S - The salt and fertilizer group has rejected a new attempt by
Canada's Potash Corp to entice the German company into takeover talks, a K+S
spokesman said on Tuesday. 
    ALSTOM - French Economy Minister Emmanuel Macron said he was
seeing "reassuring elements" coming from the European Union's investigation into
the takeover of Alstom's power unit by U.S. group General Electric.
    TOM TAILOR - Tom Tailor group like-for-like sales rose 1.9
percent in the second quarter, the company said in a trading statement.
    ZOOPLUS - Zooplus confirmed its full-year outlook in a trading
statement after second-quarter sales rose 33 percent. 
    EXOR - Axis Capital Holdings Ltd said its planned merger
with PartnerRe was superior to a revised Exor offer. 
    BANCA POPOLARE DI VICENZA - The cooperative lender said on
Tuesday it had picked banks for a possible stock market listing in Milan.
    BANCA CARIGE - The lender said on Tuesday it had given a mandate
to its chairman and CEO to hire a financial advisor as the cooperative bank
gears up for consolidation in the sector. 
    FINCANTIERI - Fincantieri said its first half net profit fell to 12
million euros from 24 million euros a year ago. Revenues were 2.22 billion euros
versus 1.98 billion euros a year ago. 
    GAMESA - Gamesa said its unit Gamesa Wind Turbine Private Limited
has won a contract to supply wind turbines with a capacity of 250 megawatts in
    GESTAMP SOLAR - Spanish photovoltaic company Gestamp Solar is planning an
initial public offering in the next two years, its chief executive told Reuters
on Tuesday, after U.S. buyout group KKR acquired an 80 percent stake in
the company. 
    REPSOL, EDP RENOVAVEIS - Edp Renovaveis said on Tuesday
it has agreed to buy from Repsol Nuevas Energias SA 33 pct equity interest in
Moray Offshore Project and sell to Repsol 49 pct equity interest in Inch Cape
Offshore Project.
UNBP.AS    Unibail Rodamco SE            Earnings Releases
BINV.ST    BioInvent International AB        Earnings Releases
ESPI.MI    Gruppo Editoriale l'Espresso SpA    Earnings Releases
VARD.SI    Vard Holdings Ltd            Earnings Releases
GETP.PA    Groupe Eurotunnel SE        Earnings Releases
LAND.L        Land Securities Group PLC        Sales/Trading Stmt Releases
EZJ.L        easyJet plc                Sales/Trading Stmt Releases
TEL.OL        Telenor ASA                Earnings Releases
LONN.VX    Lonza Group AG            Earnings Releases
TIE1V.HE    Tieto Oyj                Earnings Releases
JMAT.L        Johnson Matthey PLC            Sales/Trading Stmt Releases
SGE.L        Sage Group PLC            Sales/Trading Stmt Releases
DANSKE.CO    Danske Bank A/S            Earnings Releases
KESBV.HE    Kesko Oyj                Earnings Releases
KINVb.ST    Investment Kinnevik AB        Earnings Releases

       Q2 2015 American Express Co               
    Q2 2015 Boeing Co                         
    Q2 2015 The Coca-Cola Co                               

    0645    FR    Business climate
    0800    IT    Industrial orders and sales
    0900    IT    Retail sales
    1100    US    Mortgage
    1300    US    Home price
                                            LAST  PCT CHG   NET CHG
 S&P 500                                2,119.21  -0.43 %     -9.07
 NIKKEI                                  20624.6  -1.04 %   -217.37
 MSCI ASIA EX-JP                          460.76  -1.07 %        -5
 EUR/USD                                  1.0934  -0.02 %   -0.0002
 USD/JPY                                  123.63  -0.19 %   -0.2400
 10-YR US TSY YLD                          2.327       --     -0.02
 10-YR BUND YLD                            0.775       --      0.00
 SPOT GOLD                             $1,093.47  -0.68 %    -$7.54
 US CRUDE                                 $50.19  -1.32 %     -0.67
  > Asian shares wilt in shadow of Wall Street's earnings woes    
  > IBM, United Tech drag Dow; Apple results weigh on futures    
  > Nikkei snaps winning streak as Apple-related shares tumble    
  > Prices gain after weak U.S. earnings spur safety bid        
  > Dollar rally takes a breather, uptrend seen intact        
  > Gold falls to near 5-year low as bearish view holds        
  > London copper hits two-week lows as Chinese demand struggles    
  > Oil prices fall as data shows U.S. crude stocks rising        

 (Reporting by Liisa Tuhkanen)