European Factors to Watch- Shares to edge lower; LVMH in focus

miércoles 15 de octubre de 2014 01:46 GYT
 

LONDON, Oct 15 (Reuters) - Financial spreadbetters expected Britain's FTSE
100 to open 12 to 14 points lower, or as much as 0.2 percent, Germany's
DAX to open 7 to 15 points lower, or as much as 0.2 percent, and
France's CAC 40 to open 13 to 17 points lower, or as much as 0.4
percent.
    
    COMPANY NEWS
    
    LVMH - The world's biggest luxury group, posted improved sales
growth for the third quarter on Tuesday as stronger trading in Europe and the
United States helped make up for weakness in Asia.   
    
    DANONE - The French food group posted a better-than-expected 6.9
percent underlying rise in third-quarter sales on Wednesday, helped by improving
baby food sales in Asia.
     
    SHIRE - AbbVie Inc said it intends to reconsider its recommendation
to its shareholders to vote in favor of the 32 billion pound ($54.7 billion)
merger with Shire Plc due to the changing U.S. tax regulations. 
    
    RIO TINTO - The world's No. 2 iron ore miner said a strong third
quarter and productivity gains led to a 12 percent rise in iron ore production
as price volatility persists in the global market. 
    
    BARCLAYS - Barclays' auction of its index business, which includes
the widely used Barclays U.S. Aggregate Bond Index, has hit a snag, after
would-be buyers realized some crucial bond pricing data that does not belong to
the British bank will not be part of the package, two people familiar with the
situation said. 
    
    ASML HOLDING - ASML confirmed its full-year sales guidance on
Wednesday, citing a solid backlog. 
    
    BALFOUR BEATTY PLC -  Balfour Beatty will hand over the reins of
the British construction group on Wednesday to the chief executive of defence
research firm Qinetiq Group Plc QQ.L, Sky News said. 
    
    OMV - Chief Executive Gerhard Roiss will leave the Austrian energy
group as of mid-2015, nearly two years ahead of schedule, as part of a
management shakeup which will also see OMV's gas business subsumed into a new
division, OMV said. 
    
    CORPORACION FINANCIERA ALBA, FERROVIAL - Spain will sell a
21 percent stake in its state-owned airports operator Aena to Corporacion
Financiera Alba, Ferrovial and British investment fund TCI, Aena's holding
company Enaire said on Tuesday. 
    
    FINMECCANICA - Finmeccanica has shortlisted China's CNR
Corporation and Hitachi of Japan to buy its rail assets but
binding offers have not yet been presented, Chief Executive Mauro Moretti said
on Tuesday in a parliamentary hearing. 
    
    MAJOR EUROPEAN COMPANIES REPORTING :
    FRESNILLO PLC                        Q3 TRADE      
    AB SKF                               Q3            
    
    
    MAJOR U.S. COMPANIES REPORTING (GMT) :
    AMC    Q3 2014 American Express Co               
    1100   Q3 2014 Bank of America Corp              
    BMO    Q3 2014 BlackRock Inc                     
    AMC    Q3 2014 eBay Inc                          
    AMC    Q3 2014 Netflix Inc                       
    
    MAJOR MACROECONOMIC DATA/EVENTS (GMT)  :
    0600 DE CPI Final MM    Sep
    0830 GB ILO Unemploymen Aug
    1230 US NY Fed Manufacturing Oct
    1230 US Core PPI Final Demand MM Sep
    1400 US Business Inventories MM  Aug
    
------------------------------------------------------------------------------
  MARKET SNAPSHOT AT 0545 GMT: 
    
    
                                             LAST     PCT CHG     NET CHG
 S&P 500                                 1,877.70      0.16 %        2.96
 NIKKEI                                  15059.73      0.82 %      123.22
 MSCI ASIA EX-JP                            465.9      0.29 %        1.34
 EUR/USD                                   1.2639     -0.15 %     -0.0019
 USD/JPY                                   107.29      0.23 %      0.2500
 10-YR US TSY YLD                           2.224          --        0.02
 10-YR BUND YLD                             0.836          --        0.00
 SPOT GOLD                              $1,225.39     -0.56 %      -$6.96
 US CRUDE                                  $82.03      0.23 %        0.19
 

  
  > ASIA EDGY ON LINGERING GROWTH ANXIETY, CHINA INFLATION SLOWS    
  > S&P 500, NASDAQ BREAK 3-DAY SLIDE BUT DOW DIPS                         
  > NIKKEI MAY SNAP 5-DAY LOSING STREAK; GLOBAL GROWTH WORRIES PERSIST     
  > U.S. LONG BOND YIELDS UNDER 3 PCT ON ECONOMIC SLOWING, SHORT-COVERING 
  > DOLLAR STANDS TALL AS EURO HIT BY ECONOMIC GLOOM, YEN ALSO WILTS     
  > GOLD DIPS BUT GLOBAL GROWTH WORRIES COULD SUPPORT                    
  > COPPER HOVERS NEAR FOUR-WEEK PEAK, SUPPLY IN FOCUS                  
  > BRENT RECOVERS ABOVE $85 AFTER BIGGEST FALL IN THREE YEARS            
    

 (Reporting By Francesco Canepa)