European Factors to Watch-Shares seen slightly weaker at open
(Adds company news items) LONDON, Sept 24 (Reuters) - European stocks were seen opening slightly lower on Thursday, tracking falls overnight on Asian and U.S. equity markets, while gains for the euro on currency markets could add pressure to export-driven sectors such as carmakers or luxury goods. Financial spreadbetters expected Britain's FTSE 100 to open down by 13-16 points, or 0.2-0.3 percent lower. Germany's DAX was expected to open down by 26-30 points, or 0.3 percent lower, while France's CAC 40 was seen opening down by 7-12 points, or 0.2-0.3 percent lower. Asian shares were subdued on Thursday after more dour economic news in China and the United States prompted a bruising selloff the previous day. Carmakers will also remain in focus after Volkswagen Chief Executive Martin Winterkorn resigned on Wednesday, succumbing to pressure for change at the German carmaker, which is reeling from the admission that it deceived U.S. regulators about how much its diesel cars pollute. ------------------------------------------------------------------------------ MARKET SNAPSHOT AT 0546 GMT LAST PCT CHG NET CHG S&P 500 1,938.76 -0.2 % -3.98 NIKKEI 17,653.30 -2.31 % -416.91 EUR/USD 1.1193 0.07 % 0.0008 USD/JPY 119.94 -0.28 % -0.3400 10-YR US TSY 2.134 -- -0.01 YLD 10-YR BUND YLD 0.596 -- 0.00 SPOT GOLD $1,134.65 0.41 % $4.65 US CRUDE $44.80 0.72 % 0.32 > GLOBAL MARKETS-Asia subdued amid lingering global growth woes, euro steady > US STOCKS-Wall St ends lower as factory data adds to growth worries > Nikkei falls as Japanese market absorbs weak U.S. and China factory figures > TREASURIES-U.S. bonds dip after euro zone growth data > FOREX-Euro underpinned as ECB dampens expectations of imminent stimulus > PRECIOUS-Bargain-hunting props up platinum after rout; palladium extends gains > METALS-London copper steadies, but China worries sap strength > Oil bounces back after tumble on buildup in U.S. gasoline stocks COMPANY NEWS: BASF : BASF oil and gas subsidiary Wintershall expects to post a full-year net profit significantly below last year's 1.46 billion euros but still expects to be profitable and make a "good contribution" to its parent's earnings, Wintershall Chief Executive Mario Mehren told Frankfurter Allgemeine Zeitung. CASINO : Standard and Poor's affirmed its 'BBB-/A-3' ratings on the retailer. The stable outlook reflects S&P's anticipation that gradually strengthening profitability in France and deleveraging at the holding-company level will result in an improvement in Casino's proportional debt to EBITDA to levels more in line with the current ratings in 2016. ELIOR : Europe's third-largest catering group, Elior, said on Thursday that it was targeting revenue of between 7 billion and 8 billion euros in 2020 against 5.34 billion ($5.97 billion) in 2013/14. HAVAS : Havas said it was in exclusive negotiations to acquire FullSIX Group. INSURERS : Insurance industry insiders say Directors and Officers liability insurance (D&O) is likely to see the biggest damage claims stemming from an unfolding scandal around Volkswagen's VOWG_p.DE rigging of U.S. emissions tests that prompted the German car maker's chief to resign on Wednesday. NOVARTIS : Novartis AG launched a portfolio of 15 medicines to treat chronic diseases in low- and low-middle-income countries, the drugmaker said in a statement on Thursday. VOLKSWAGEN : Volkswagen Chief Executive Martin Winterkorn resigned on Wednesday, succumbing to pressure for change at the German carmaker, which is reeling from the admission that it deceived U.S. regulators about how much its diesel cars pollute. Porsche chief Matthias Mueller, Audi chief Rupert Stadler and the head of the VW brand, Herbert Diess, are seen as the front-runners to replace the group's Chief Executive Martin Winterkorn, three people familiar with the matter said. In April of 2015, Volkswagen of America, Inc sent letters to California owners of diesel-powered Audis and Volkswagens informing them of an "emissions service action" affecting the vehicles. (Reporting by Sudip Kar-Gupta)
© Thomson Reuters 2017 All rights reserved.