European Factors to Watch-Futures rise, bid activity buoys equities

jueves 17 de septiembre de 2015 02:27 GYT

(Adds futures prices, more company news items)
    LONDON, Sept 17 (Reuters) - European equity futures rose on Thursday, with
new signs of corporate takeover activity set to support stock markets, although
many investors were expected to refrain from buying big positions before the
U.S. Federal Reserve's interest rate decision.
    Futures on the euro zone's Euro STOXX 50, Germany's DAX and
France's CAC rose by 0.3-0.4 percent, while futures on Britain's FTSE
100 edged up by 0.1 percent.
    Asian stocks edged up to a three-week high on Thursday while the dollar
drifted lower against other currencies as investors consolidated positions
before the Fed's policy decision. An earthquake off the coast of Chile also
impacted some mining companies and metals prices.  
    European stock markets could also get support from more corporate takeover
activity on Thursday, with telecoms company Altice agreeing to buy
Cablevision, while insurer Phoenix was looking at possibly buying
Guardian Financial Services. 
    Having weighed the U.S. economy's steady march toward full employment
against the backdrop of weak inflation and wage growth and turbulence overseas,
the U.S. central bank will issue its latest rate decision at the end of a
two-day policy meeting. The Fed's decision is due at 1800 GMT. 
    A rate hike would be the first in the United States since 2006. Fed
watchers, however, see the outcome as a toss-up, with Fed Chair Janet Yellen's
consistently stated desire to see workers reap more benefits from the recovery,
coupled with weak price rises and a variety of global risks, looming large.
    The pan-European FTSEurofirst 300 index rose 1.6 percent on
Wednesday, while the euro zone's blue-chip Euro STOXX 50 index 
climbed 1.7 percent, with markets again helped by takeover business as brewer
ABI approached rival SAB Miller.   
 MARKET SNAPSHOT AT620 GMT                                             
                                                      LAST    PCT CHG  NET CHG
 S&P 500                                          1,995.31     0.87 %    17.22
 NIKKEI                                          18,432.27     1.43 %   260.67
 EUR/USD                                            1.1287    -0.02 %  -0.0002
 USD/JPY                                            120.87     0.27 %   0.3200
 10-YR US TSY YLD                                    2.285         --    -0.02
 10-YR BUND YLD                                      0.781         --     0.00
 SPOT GOLD                                       $1,120.16     0.09 %    $1.01
 US CRUDE                                           $47.26     0.23 %     0.11
  > Asian stocks at 3-week high before Fed decision; dollar wary 
  > US STOCKS-Energy stocks lift Wall St on eve of Fed rate decision 
  > Nikkei rises to more than 1-week high; oil shares outperform 
  > TREASURIES-Yields edge higher on Bund yield jump, Fed uncertainty 
  > Dollar under pressure as tame inflation tempers Fed rate hike bets 
  > PRECIOUS-Gold retains sharp gains ahead of Fed rate decision 
  > METALS-Copper strikes 8 week top after Chile quake 
  > Oil prices stable after US stockdraw, but weak Japan data weighs 
    ALTICE :
    Altice said it had entered into a definitive agreement to buy Cablevision.
    Codelco and Antofagasta PLC suspended operations at two
major copper mines in Chile, the world's top producer of the metal, after a
powerful earthquake struck off the coast on Wednesday, threatening over 600,000
tonnes of annual capacity. 
    Credit Suisse said on Thursday it would give investors an update
on the bank's strategy under new Chief Executive Officer Tidjane Thiam on Oct
    Daimler is open to the idea of creating an alliance between
Germany's premium carmakers to manufacture next- generation batteries, its chief
executive said on Wednesday. 
    ENGIE :
    French state holding company APE said on Wednesday it has sold 0.48 percent
of the shares of gas and power group Engie and that it planned no
further sales for now. 
    K+S :
    Potash Corp of Saskatchewan  is not actively discussing its
takeover proposal with Germany's K+S, but remains interested in a
combination of fertilizer producers that would aid North American potash sales
and offer new access to Europe, Chief Executive Jochen Tilk said on Wednesday.
    Lufthansa is stepping up its cost-cutting overhaul with a
streamlined management structure it said will boost profit by 500 million euros
($564 million) a year and provide a new boss for the Eurowings budget brand that
has raised tensions in its long-running dispute with pilots.
    Phoenix Group Holdings, Britain's largest consolidator of closed
life funds, confirmed it was in talks to buy smaller rival Guardian Financial
    SAP :
    Europe's largest software maker SAP said on Wednesday it was
working on a smartphone application to help migrants arriving in Germany to
navigate bureaucracy and officials to register them.   

 (Reporting by Sudip Kar-Gupta; Editing by Atul Prakash)