European Factors to Watch-European equity futures rise

jueves 1 de octubre de 2015 02:25 GYT
 

(Adds company news items)
    LONDON, Oct 1 (Reuters) - European equity futures rose on Thursday, boosted
by gains on Asian and U.S. equity markets.
    Futures for the Euro STOXX 50, Germany's DAX, France's CAC
 and Britain's FTSE 100 all rose by between 1 and 1.5 percent.
    China's factory activity fell to a more than 6-year low in September while
growth in the once-resilient services sector came close to stalling, private
surveys showed, fuelling fears that the world's second biggest economy may be
slowing more sharply than expected. 
    However, some traders viewed the weak Chinese data as a sign that China may
undertake more economic stimulus measures to bolster the country's economy.
    "It looks like the logic of bad news is good is here again and the bulls are
naturally sniffing some more loose central bank policy," said Jonathan Sudaria,
dealer at LondoN Capital Group.
    The pan-European FTSEurofirst 300 index rose 2.6 percent on
Wednesday but nevertheless ended down by more than 9 percent during the third
quarter, which saw European stock markets lose ground partly due to the concerns
over the Chinese economic slowdown. 
------------------------------------------------------------------------------
 MARKET SNAPSHOT AT 0623 GMT                                        
                                                   LAST    PCT CHG  NET CHG
 S&P 500                                       1,920.03     1.91 %    35.94
 NIKKEI                                       17,722.42     1.92 %   334.27
 EUR/USD                                         1.1145    -0.28 %  -0.0031
 USD/JPY                                         120.16     0.27 %   0.3200
 10-YR US TSY                                     2.065         --     0.01
 YLD                                                                
 10-YR BUND YLD                                   0.601         --     0.01
 SPOT GOLD                                    $1,111.70    -0.26 %   -$2.90
 
  > GLOBAL MARKETS-Asia extends global gains, China PMIs taken in stride
 
  > US STOCKS-Wall St ends worst quarter in four years with a rally 
  > Nikkei jumps on Wall St strength, relief China PMIs mostly meet expectations
 
  > TREASURIES-Bond prices dip on positive private sector employment data 
  > FOREX-Dollar firms, but gains seen limited ahead of U.S. jobs report 
  > PRECIOUS-Gold struggles near 2-week low after strong U.S. data 
  > METALS-Copper up as China PMI sparks stimulus hopes, short-covering 
  > Oil edges up on estimate of strong demand, Syria a risk 
    
    COMPANY NEWS:
    ABI /SAB MILLER :
    A $70 billion debt package being arranged to fund Anheuser-Busch InBev's
 takeover of SABMiller still leaves the world's largest brewer
with a tricky balancing act in satisfying a range of shareholder camps with
different needs. 
    
    AIR FRANCE :
    Air France said on Wednesday that negotiations with representatives of its
pilots over its "Perform 2020" restructuring plan had failed. 
    
    BASF :
    Russian gas giant Gazprom and Wintershall, an oil and gas unit of
German chemicals group BASF, have completed a gas asset swap deal,
the two companies said in a statement on Thursday. 
    
    BAYER :
    Germany's Bayer and its investment bank advisers are rethinking
options for the initial public offering (IPO) of the plastics group scheduled
for Friday, given books are still not covered, several sources familiar with the
situation said on Wednesday. 
    
    DIALOG SEMICONDUCTOR :
    Dialog and Atmel have amended their merger agreement to clarify
that the only required vote of Dialog shareholders will be to authorize the
Dialog board of directors to allot and issue the ordinary shares underlying the
American Depositary Shares to be issued in connection with the Atmel
acquisition.
    
    HSBC :
    HSBC Holdings Plc must face a lawsuit accusing the British bank of
violating the U.S. Fair Housing Act by engaging in predatory mortgage lending in
the Chicago area, a federal judge in that city ruled on Wednesday.
 
    
    K+S :
    Potash Corp offered K+S two seats on its board and pledged to give
K+S executives better-paid jobs at Potash as part of the takeover proposal,
which K+S has rejected, Frankfurter Allgemeine Zeitung reported.
    
    NOVARTIS :
    Novartis' secukinumab Phase III trial confirmed significant
efficacy of the drug in patients with psoriatic arthritis, a painful,
debilitating condition causing inflammation of joints and skin, the Basel-based
pharmaceutical maker said. The results were published online in the New England
Journal of Medicine.
    
    REPSOL :
    Spanish oil major Repsol on Wednesday said it had sold part of its piped gas
business to Gas Natural Distribution and Redexis Gas for 652 million euros ($728
million), helping it reach its $1 billion asset disposal target. 
    
    SCOUT24 :
    Germany's biggest digital classifieds group Scout24 said on
Thursday it would price at 30 euros ($33.51) per share in its initial public
offering (IPO) worth 1.16 billion euros. 
    
    VESTAS :
    Vestas Wind Systems VWS.CO this year reported its highest third quarter
order intake since 2010 and the world's largest wind turbine maker is on track
for record high order bookings for the full year, Sydbank said. 
    
    VOLKSWAGEN :
    A Texas county sued Volkswagen AG in state court on Wednesday,
accusing the German carmaker of violating state environmental laws by installing
software on some of its diesel vehicles to circumvent emissions tests.
 
    France also launched a probe into whether Volkswagen cheated on car
emissions in France as it did in the United States, a source close to the French
Economy Ministry said on Wednesday, while an Italian consumer group presented a
class action lawsuit against VW.  

 (Reporting by Sudip Kar-Gupta)