European Factors-Futures higher after C.Suisse results beat

jueves 23 de julio de 2015 02:30 GYT

LONDON, July 23 (Reuters) - Major European stock markets are seen opening higher on Thursday, with Swiss bank Credit Suisse posting better-than-expected results and Greece on track to make progress on a new bailout deal after Athens won parliamentary approval for reforms to start talks.

Consumer-goods group Unilever also reported higher-than-expected second-quarter sales, driven by increases in its home and personal care businesses.

EuroSTOXX 50 futures were up 0.6 percent at 0810 GMT, with FTSE, DAX and CAC 40 futures posting similar gains.

Greek fears have faded in recent weeks, with investor focus shifting to the second-quarter results and the timing of an expected U.S. interest-rate hike. The latest news from Greece, where Prime Minister Alexis Tsipras contained a rebellion in his left-wing Syriza party to win a parliamentary vote, was seen as another positive for European markets.

"European equities are set to gain this morning on another successful vote in Greece," said Jonathan Sudaria, trader at London Capital Group.

There was a handful of big corporate names reporting results on Thursday: Drugmaker Roche posted better-than-expected numbers, automaker Daimler defied a slowdown in China with a jump in operating profit and Syngenta also beat expectations.

Swiss power and automation firm ABB however said net profits fell in the second quarter due to a drop in demand for its oil and gas products, slower-than-expected business in the United States, soft demand from China and a strong dollar.

And French advertiser Publicis cut its 2015 sales forecast, warning that tougher conditions in the UK and Latin America may dampen the improvement seen in the first half.

While profit-enhancing falls in the euro and oil prices seen earlier this year are expected to have worked less of their magic on European company earnings in the second quarter, estimates point to a 5 percent rise in earnings for firms on the STOXX Europe 600 index.   Continuación...