European Factors to Watch-Shares set for biggest weekly rise since July

viernes 11 de septiembre de 2015 02:26 GYT

LONDON, Sept 11 (Reuters) - European stocks were seen edging up on Friday,
following Wall Street and Asian shares higher, with one index of top European
shares set for its biggest weekly gain since July.
    Futures on the Euro STOXX 50, Germany's DAX, France's CAC
 and Britain's FTSE 100 were up 0.3-0.5 percent ahead of the cash
market open.
    The pan-European FTSEurofirst 300 is up 1.6 percent so far this
week, set for its biggest weekly rise in around 2 months despite falling 1.4
percent on Thursday to break a three-day winning run. 
    U.S. stocks were helped higher by a rise in Apple and biotech
firms, while shares in Asia also rose ahead of industrial and retail data from
China due at the weekend. 
    Global stock markets had been under pressure in recent weeks, with serious
concerns about the strength of China's growth roiling markets in August.
    However, markets have stabilised after China's regulators intervened in its
stock market, with some investors also betting that the recent uncertainty would
dissuade the Federal Reserve from raising interest rates next week.
    "Risk appetite has certainly improved this week although we're still seeing
investors hold back a little," said Craig Erlam, market analyst at OANDA, adding
that he was cautious ahead of the weekend's data out of China.
    "So much of the recent market turmoil has come from China and this data
could be the latest trigger."
    Actelion confirmed yesterday that it had initiated preliminary talks with
U.S. biotech company ZS Pharma Inc, after tips that the Swiss drugmaker
offered to buy the U.S. company for $2.5 billion were released. Neither of the
companies had made any commitment, Actelion said. ZS Pharma also confirmed the
    For more click on 
    Nestle opened its third Nespresso production site in Romont, Switzerland
yesterday. As the only producer of the large portion capsule line introduced in
the United States and Canada last year, the factory is an investment into the
key U.S. coffee capsule market, the company said. 
    For more click on 
    German auto parts supplier Continental has largely replaced its tyre sales
management team in China on suspicion of corruption, a person familiar with the
situation said on Thursday. Continental declined comment. 
    John Cryan, Deutsche Bank's new chief executive, will not present "big bang"
reforms when the supervisory board gathers Thursday evening, rather an
acceleration of existing plans to shed assets and exit countries.
    German pilots' union Vereinigung Cockpit has proposed fresh talks with
Lufthansa management over early retirement benefits, a day after a court ruled a
strike was unlawful because the union had overstepped its mandate.
    Air France's main pilot union SNPL said on Thursday its leadership had
agreed to resume negotiations with the French airline's management, easing a
stand-off over its "Perform 2020" restructuring plan. 
    Pan-European exchange operator Euronext NV ENX.PA said it nominated Stéphane
Boujnah as chief executive and chairman. 
    French voucher and prepaid card provider Edenred EDEN.PA has decided to
appoint Bertrand Dumazy, head of decorative paints company Cromology, as chief
executive, Le Figaro newspaper reported on Thursday. 
    Spain's supermarket chain DIA said late on Thursday that farmers' blockades
at its logistic center in Santiago de Compostela, in north-western Spain, had
cost the firm a total of 8 million euros so far.
    The group also said it was paying off shares held in Treasury worth 2.9
million euros. 
    A government plan to recall and replace millions of potentially deadly
Takata air bag inflators could compel other manufacturers to supply automakers
with the safety devices, the top U.S auto safety regulator said on
    The U.S. Navy has removed contracting suspensions imposed on two former
senior executives with Italy's Finmeccanica in February 2014, after they were
cleared of bribery charges by an Italian court, according to an attorney
representing the two men. 
    U.S. energy envoy Amos Hochstein sees some long-term potential for natural
gas development in the Middle East. 
    ROYAL BANK OF SCOTLAND - The leading candidate to win control of
Britain's opposition Labour Party, Jeremy Corbyn, said he would introduce a
punitive windfall tax aimed at recouping money lost by privatising state assets
too cheaply if he becomes prime minister in 2020, taking specific aim at RBS.
    Glencore held talks with Congolese officials in Kinshasa on Thursday over
the company's plans to suspend some copper output at its Katanga Mining 
unit for 18 months, an adviser to the prime minister said. 
    BHP Billiton Ltd plans to spend millions of dollars in a venture with a
Canadian power company to promote carbon capture technology to help shore up
coal demand. 
    Anglo American AAL.L is likely to be the next mining firm to follow
Glencore's GLEN.L example in cutting its dividend to help contain debt levels
and preserve cash amid a global commodity market slump, analysts and bankers
    OHL Mexico sued Infraiber, a small highway technology company,
on Thursday for disseminating leaked recordings that have embroiled the builder
in a corruption scandal. 
    Jefferies has raised its stance in Repsol to 'hold' while cutting the target
price to 11 euros   
    0600    DE    CPI
    0745    FR    Current account
    0800    IT    Industrial output
    0830    GB    Construction 
    1230    US    PPI
    1400    US    University of Michigan Sentiment
    1430    US    ECRI Weekly
                                          LAST  PCT CHG     NET
 S&P 500                              1,952.29   0.53 %   10.25
 NIKKEI                               18299.67      0 %    0.05
 MSCI ASIA EX-JP                        401.67   0.47 %    1.87
 EUR/USD                                 1.129   0.12 %  0.0014
 USD/JPY                                120.78   0.16 %  0.1900
 10-YR US TSY YLD                        2.211       --   -0.01
 10-YR BUND YLD                          0.695       --    0.00
 SPOT GOLD                           $1,111.96   0.07 %   $0.81
 US CRUDE                               $45.73  -0.41 %   -0.19
  > GLOBAL MARKETS-Asian shares lifted by Wall St, dollar firms    
  > US STOCKS-Wall St rises with Apple, biotechs            
  > Nikkei on track to post 1st weekly gain in 5 weeks        
  > TREASURIES-Yields rise, strong demand at 30-yr auction        
  > FOREX-Dollar up vs yen on increased BOJ easing prospects    
  > PRECIOUS-Gold firms, but poised for third weekly drop         
  > METALS-LME copper rises, set for biggest weekly rise since May    
  > Oil dips as Saudi rejects producer summit, set for weekly fall    

 (Reporting by Alistair Smout)