LONDON, Sept 19 (Reuters) - European stock markets were expected to open higher on Friday, with the London market set to outperform after Scotland voted “No” to independence from the United Kingdom.
Financial spreadbetters expected Britain’s FTSE 100 to open up by 78-79 points, or 1.2 percent higher. Germany’s DAX was seen opening up by 70-72 points, or 0.7 percent, while France’s CAC 40 was seen rising by 13-14 points, or 0.3 percent.
The results of the Scottish vote showed that Scotland had chosen to stay in the United Kingdom, spurning independence in a historic referendum that had worried allies and investors.
“European equities are set to surge out of the starting blocks as the Scottish independence attempt flounders,” said Capital Spreads dealer Jonathan Sudaria. “Clients had spent yesterday steadily building up long positions in sterling and the FTSE as they bet that cooler heads would prevail and the union would remain in tact.”
SAP said on Thursday it has agreed to acquire U.S.-based expense management software maker Concur Technologies Inc CNQR.O in an all-stock deal valued at $7.3 billion that expands its presence in internet-based software or so-called cloud computing.
Irish cement maker CRH is exploring a bid for all the assets rivals Lafarge and Holcim must sell to steer their mega-merger past competition watchdogs, two sources familiar with the matter told Reuters.
The erectile dysfunction drug Stendra, currently approved by the U.S. Food and Drug Administration for use 30 minutes before sex, has now been approved for use as little as 15 minutes before sex. Sanofi holds a license to commercialize Stendra in Africa, the Middle East, Turkey, and the Commonwealth of Independent States including Russia.
Rating agency Moody’s said on Thursday that Airbus Group’s planned sale of non-core assets within its defence and space division was credit positive.
A plan by the French government to allow private companies to buy stakes in state-owned hydropower businesses cannot work, the chief executive of utility EDF said on Thursday.
> GLOBAL MARKETS-STERLING SOARS ON SCOTTISH VOTE, ASIAN SHARES TREAD WATER
> US STOCKS-DOW, S&P 500 AT RECORDS AS FED-DRIVEN RALLY CONTINUE > NIKKEI HITS SEVEN-YEAR HIGH AFTER PM ABE PUSHES PENSION REFORM > TREASURIES-PRICES EASE AS FED FORECASTS LIFT SHORT-MATURITY YIELDS > STERLING FIRMS AS EARLY RESULTS GO AGAINST SCOTTISH INDEPENDENCE > GOLD TICKS UP SLIGHTLY, BUT HOLDS NEAR 8-1/2 MONTH LOW > COPPER SET TO END WEEK FLAT ON U.S. RATE HIKE WORRIES > BRENT HOVERS BELOW $98, BUT SET FOR 1ST WEEKLY RISE IN 3 (Reporting by Sudip Kar-Gupta; Editing by Lionel Laurent)