European Factors to Watch-Shares set to fall on global growth concerns

lunes 13 de octubre de 2014 02:32 GYT
 

(Adds company news items, futures prices, trader comment)
    LONDON, Oct 13 (Reuters) - European stock markets were expected to extend
their losing streak on Monday, with concerns about faltering global economic
growth weighing on equity markets across the world.
    The euro zone's blue-chip Euro STOXX 50 futures contract fell 1.2
percent. Germany's DAX futures contract declined by 1.1 percent while
France's CAC futures also fell 1.1 percent. 
    The DAX cash index fell on Friday to its lowest level since October
2013, with the stock market hit by poor German economic data, including
statistics out last week which showed exports in August had fallen by their
largest amount since January 2009.
    Further underscoring the fragile nature of the European economy, credit
rating agency Standard & Poor's on Friday lowered its outlook on France to
"negative" from "stable". 
    "We're still looking quite poorly, on the markets. The nervousness is still
there. I don't think anyone will want to come running back into the market early
doors," said Terry Torrison, managing director at Monaco-based McLaren
Securities.

    
 MARKET SNAPSHOT AT 0625 GMT                                
                                           LAST    PCT CHG               NET CHG
 S&P 500                               1,906.13    -1.15 %                -22.08
 NIKKEI                               15,300.55    -1.15 %               -178.38
 MSCI ASIA                               552.78      -0.94                 -5.23
 EX-JP                                                      
 EUR/USD                                  1.267     0.34 %                0.0043
 USD/JPY                                 107.28    -0.34 %               -0.3700
 10-YR US TSY                             2.286         --                  0.00
 YLD                                                        
 10-YR BUND YLD                           0.873         --                 -0.02
 SPOT GOLD                            $1,234.30     0.93 %                $11.32
 US CRUDE                                $84.79     -1.2 %                 -1.03
 
    COMPANY NEWS:
    EUROPEAN BANKS/ECB STRESS TEST:
    Euro zone banks have raised 35 percent more capital ahead of the European
Central Bank's (ECB) latest stress test than they had set aside before the 2011
review, according to a report published by law firm Linklaters. 
    
    DEUTSCHE BANK :
    Senior bankers at Deutsche Bank AG are leaving the bank amid a crackdown on
bad behaviour by traders, as the bank undergoes a probe by global regulators
into allegations of attempts to rig markets, the Financial Times reported on
Sunday. 
    
    TESCO :
    Beleaguered British grocer Tesco is set to lose two more board members with
the departure of the head of its audit committee and resignation of the company
secretary, British newspapers reported on Sunday. 
        
    ORANGE /JAZZTEL :
    Orange will not raise its 3.4-billion-euro ($4.29 billion) offer
to buy Spanish operator Jazztel, the French telecoms group's chief
executive said in an interview on Sunday. 
    
    GAS NATURAL :
    Spain's Gas Natural on Sunday said it would launch a $3.3 billion takeover
offer for Chile's biggest electricity distributor Compania General de
Electricidad (CGE), in a bid to boost its presence in growing Latin
American markets. 
    
    EVRY :
    Finnish technology firm Tieto and European private equity firm
Apax are among the bidders for Evry, one of the Nordic region's
largest IT services companies, four sources familiar with the matter said on
Friday. 
    
    LUXOTTICA :
    Italy's Luxottica SpA said its co-chief executive planned to resign after
just six weeks in the job, as the global eyewear company struggles to stabilise
its management team after the abrupt departure of longtime boss Andrea Guerra
last month. 
    
    STATOIL :
    Norway's Statoil has sold a 15.5 percent stake in the Azeri gas
project Shah Deniz to Malaysia's Petronas for $2.25 billion, the
latest asset the firm is selling to protect its cash flow and returns to
shareholders. 
    
    PUBLICIS :
    Publicis has agreed to buy 20 percent of digital advertising company Matomy
Media Group for 227 pence per share, and has an option to purchase an
additional 4.9 percent. 
    
    EUROSTAR:
    The British government plans to sell its 40 percent stake in the fast-speed
Eurostar train operator that links Britain with the European continent, finance
minister George Osborne announced late on Sunday. 

  > GLOBAL MARKETS-STOCKS, OIL SKID ON GROWTH ANXIETY, CHINA DATA LITTLE HELP
    
  > US STOCKS-CHIPMAKERS LEAD WALL ST SELLOFF; S&P LOWEST SINCE MAY 
  > NIKKEI DROPS TO 2-MONTH LOW ON GLOBAL GROWTH CONCERNS, OIL SHARES TUMBLE 
  > TREASURIES-LONG-TERM YIELDS FALL TO LOWEST SINCE EARLY 2013 
  > FOREX-DOLLAR SLIPS VS YEN AS GLOBAL GROWTH WORRIES HIT RISK APPETITE 
  > PRECIOUS-GOLD CLIMBS AS GLOBAL GROWTH CONCERNS STOKE SAFE-HAVEN BIDS 
  > METALS-LME COPPER BUOYED BY BRIGHTER CHINA TRADE DATA 
  > OIL FALLS MORE THAN $1 ON KUWAIT, SAUDI SIGNALS; CHINA OFFSETS 

 (Reporting by Sudip Kar-Gupta; Editing by Francesco Canepa and Subhranshu Sahu)