(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report)
LONDON, April 13 (Reuters) - European equity futures rose on Wednesday, as upbeat Chinese trade data buoyed global stock markets.
Futures on the Euro STOXX 50, Germany’s DAX and France’s CAC were all up between 1.2-1.4 percent, while Britain’s FTSE futures rose 0.7 percent.
China’s exports in March returned to growth for the first time in nine months, adding to further signs of stabilisation in the world’s second-largest economy that cheered regional investors.
The pan-European FTSEurofirst 300 index closed up 0.6 percent on Tuesday, helped by gains at mining stocks which could outperform again on Wednesday given the solid data from China, which is the world’s biggest consumer of metals.
Anheuser-Busch InBev has formally informed European Union antitrust regulators of its plan to sell SABMiller’s premium European brands to try to secure approval for its $100 billion-plus takeover of the London-based brewer.
BHP Billiton will lay off about 7 percent of the 1,060 workers at its Spence copper mine in Chile, the mine’s union said on Tuesday.
U.S. spice maker McCormick Foods walked away from its takeover proposal for British food company Premier Foods on Wednesday.
Tesco, Britain’s biggest retailer, on Wednesday reported its first quarter of underlying UK sales growth for over three years, showing its recovery is gaining momentum.
The chief executive of France’s Total SA said on Wednesday that the company’s priority on getting back into Iran’s energy sector was gas and petrochemicals.
Volkswagen may make significant cuts to bonuses for senior managers, people familiar with the matter said, in an attempt to resolve an internal dispute over executive pay following the diesel emissions scandal at the German carmaker.
------------------------------------------------------------------------------ > GLOBAL MARKETS-Asia shares extend rally on China trade relief > US STOCKS-Surging energy shares boost Wall St as earnings kick off > Nikkei rises to new 1-1/2 week high as risk appetites return on weaker yen > TREASURIES-Prices fall on reduced demand as oil, stock prices jump > FOREX-Yen rally tempered, oil price jump inspires commodity currencies > PRECIOUS-Gold eases as dollar ticks up, but still near 3-week high > METALS-London copper hits highest in nearly 2 wks as China imports surge > Oil prices fall on profit-taking, oversupply worries
ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.
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Mike Dolan, Markets Editor EMEA. (Reporting by Sudip Kar-Gupta)