European Factors to Watch-Equity futures dip lower

jueves 24 de septiembre de 2015 02:20 GYT
 

(Adds future prices, more company news items)
    LONDON, Sept 24 (Reuters) - European equity futures dipped 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.
    Futures for the Euro STOXX 50, Germany's DAX, France's CAC
 and Britain's FTSE all fell by between 0.2-0.3 percent. 
    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. 
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 MARKET SNAPSHOT AT 0619 GMT                                
                                           LAST    PCT CHG  NET CHG
 S&P 500                               1,938.76     -0.2 %    -3.98
 NIKKEI                               17,571.83    -2.76 %  -498.38
                                                                   
 EUR/USD                                 1.1194     0.08 %   0.0009
 USD/JPY                                 119.96    -0.27 %  -0.3200
 10-YR US TSY                             2.139         --    -0.01
 YLD                                                        
 10-YR BUND YLD                           0.599         --     0.00
 SPOT GOLD                            $1,134.55      0.4 %    $4.55
 US CRUDE                                $44.76     0.63 %     0.28
 
  > 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:
    ABENGOA :
    Spanish energy company Abengoa  said on Thursday its
major creditors had agreed to back most of a 650 million euro ($728 million)
share sale, a vital deal providing funds to cut debt and cover cash flow needs.
 
    
    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.
 
    
    HMB :
    Hennes & Mauritz, the world's second-biggest fashion retailer,
reported a fiscal third-quarter pretax profit in line with expectations on
Thursday and said sales so far in September were up 12 percent. 
    
    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.    
    VW shares indicated 2.5 percent higher in Frankfurt.
    
    YIT :
    The business environment in Russia has weakened further in the third
quarter, Finland's biggest construction company YIT said on Thursday.
 

 (Reporting by Sudip Kar-Gupta)