European Factors to Watch-Higher start eyed, Thyssen to rally

martes 13 de mayo de 2014 02:44 GYT
 

LONDON May 13 (Reuters) - European shares were set to rise at the open on Tuesday, with key regional indexes on track to test recent peaks, as a rally in U.S. shares and upbeat updates from blue-chips such as steelmaker ThyssenKrupp supported risk appetite.

At 0637 GMT, futures for the Euro STOXX 50, Britain's FTSE 100 , Germany's DAX and France's CAC were up 0.3-0.4 percent.

The Dow and the S&P 500 closed at record highs on Monday and the Nasdaq rallied as shares of Internet and biotech companies advanced. Asian shares also rose, led by Indian equities on hopes of an election victory for the business-friendly opposition party.

Germany's ThyssenKrupp raised its full-year earnings outlook on Tuesday, while aerospace group Airbus Group posted a narrower-than-expected drop in core earnings and reaffirmed its financial goals for the year.

ThyssenKrupp's shares were indicated to open 3.2 percent higher.

Renewed signs of brisk mergers-and-acquisitions activity may also provide some support. U.S. drugmaker Pfizer kept up the pressure on bid target AstraZeneca on Tuesday, saying its offer represented compelling value for a company which would otherwise face challenges as a standalone firm.

Pfizer is planning to return with a higher bid for AstraZeneca before the U.S. drugmaker considers going hostile, Bloomberg reported late on Monday, citing people familiar with the matter.

Investors were set to focus on the ZEW monthly poll of German investor and analyst sentiment, due at 0900 GMT and expected to show a slight improvement in current conditions and a slight deterioration in sentiment. U.S. retail sales at 1230 GMT may also affect market direction later in the session.

The CAC was 0.3 percent away from an all-time high of 4,507, which it hit last week, while the FTSE was just 0.2 percent off its high for the year at 6,867. The Dax's all-time high, set in January, was nearly 1 percent above current levels.   Continuación...