European Factors to Watch-Shares set to extend rebound

lunes 20 de octubre de 2014 02:52 GYT
 

PARIS, Oct 20 (Reuters) - European stocks were set to rise on Monday, adding
to the previous session's sharp rebound after robust U.S. macro data helped
soothe worries over the pace of global growth.
    Shares in Dutch animal feed and nutrition company Nutreco were set
to jump at the open after SHV, a privately-held Dutch investment firm, said it
had reached a conditional agreement to acquire the group for 40 euros ($51) per
share, or 2.69 billion euros. 
    Adidas AG will also be in the spotlight after the Wall Street
Journal reported that an investor group that includes Jynwel Capital and funds
affiliated with the Abu Dhabi government was launching a bid to buy Reebok from
Adidas for about $2.2 billion.
    Tech stocks will be eyed after German business software maker SAP 
cut its outlook for full-year operating profit amid an accelerating shift by
customers to buy its software over the Internet rather than as packaged
software, delaying recognition of those sales. 
    Philips will also be in focus after the Dutch healthcare and
lighting company swung to a net loss in the third quarter after weak demand in
key markets such as Russia and China was compounded by a patent lawsuit ruling
against the company and inventory writedowns. 
    At 0640 GMT, futures for Euro STOXX 50, for UK's FTSE 100,
for Germany's DAX and for France's CAC were flat to  up 0.3
percent.
    On Friday, the Thomson Reuters/University of Michigan index of U.S. consumer
sentiment was surprisingly strong, rising to its highest level in more than
seven years, while other data also showed new housing starts rose more than
expected last month, suggesting U.S. economic growth was solid. 
    The upbeat data helped stop a sharp sell-off in equity markets worldwide,
with the FTSEurofirst 300 index of top European shares rising 2.8
percent on Friday.
         
    Europe bourses in 2014: (link.reuters.com/pad95v)
    Asset performance in 2014: (link.reuters.com/rav46v)
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  MARKET SNAPSHOT AT 0624 GMT:
                                         LAST   PCT CHG  NET CHG
 S&P 500                             1,886.76    1.29 %       24
 NIKKEI                              15111.23    3.98 %   578.72
 MSCI ASIA EX-JP                       468.88    1.27 %     5.86
 EUR/USD                                1.275   -0.09 %  -0.0011
 USD/JPY                               107.25    0.36 %   0.3800
 10-YR US TSY YLD                       2.211        --     0.01
 10-YR BUND YLD                         0.858        --    -0.01
 SPOT GOLD                          $1,238.70    0.08 %    $1.01
 US CRUDE                              $83.07    0.39 %     0.32
  > GLOBAL MARKETS-NIKKEI LEAD ASIA REBOUND AS US DATA REASSURES 
  > US STOCKS-WALL ST GAINS 1 PCT ON RESULTS BUT S&P DOWN FOR 4TH WEEK 
  > NIKKEI ON TRACK FOR BIGGEST DAILY GAIN SINCE JUNE 2013 ON UPBEAT US DATA 
  > TREASURIES-PRICES DROP AS STOCKS RALLY, CONSUMER OUTLOOK BRIGHTENS 
  > DOLLAR UP AS EQUITIES SURGE, YIELDS RISE ON UPBEAT DATA 
  > PRECIOUS-GOLD EASES AS DOLLAR, EQUITIES RECOVER ON STRONG U.S. DATA 
  > METALS-COPPER UNDER PRESSURE AS SUPPLY RISES AND OUTLOOK DIMS 
  > BRENT HOLDS ON TO GAINS ABOVE $86, HELPED BY US CONSUMER SENTIMENT 
    
    COMPANY NEWS:        
    
    NUTRECO 
    SHV, a privately-held Dutch investment firm, said it had reached a
conditional agreement to acquire Dutch animal feed and nutrition company Nutreco
for 40 euros ($51) per share, or 2.69 billion euros. 
        
    ADIDAS 
    An investor group that includes Jynwel Capital and funds affiliated with the
Abu Dhabi government is launching a bid to buy Reebok from Adidas AG for about
$2.2 billion, the Wall Street Journal reported Sunday. 
    
    SAP 
    The German business software maker cut its outlook for full-year operating
profit amid an accelerating shift by customers to buy its software over the
Internet rather than as packaged software, delaying recognition of those sales.
 
    
    PHILIPS 
    Dutch healthcare and lighting company Philips swung to a net loss in the
third quarter after weak demand in key markets such as Russia and China was
compounded by a patent lawsuit ruling against the company and inventory
writedowns. 
    
    MONTE DEI PASCHI 
    The pan-European review of banking assets whose results will be announced on
Oct. 26 could unveil a capital shortfall of between 0.5 billion euros and 1.7
billion euro at the Tuscan bank, Corriere della Sera reported on Saturday citing
a "confidential analysis".
    
    MUNICH RE 
    The world's largest reinsurer Munich Re expects it will be tough to maintain
current profit levels in 2015 due to lower prices as a result of increasing
competition, according to a newspaper report. 
    
    MOBISTAR 
    Belgian mobile phone operator Mobistar grew its customer base for the first
time in two years and slightly increased its outlook for the full year.
 
    
    METRO 
    Germany's Metro AG said it was optimistic for the crucial Christmas trading
period as it saw an improvement in sales at its struggling consumer electronics
unit in the July to September quarter. 
    
    HAVAS, BOLLORE 
    French tycoon Vincent Bollore on Friday mapped out an offer to acquire
control over at least 50 percent of Havas, the world's sixth-largest advertising
company he started investing in over 10 years ago. 
    
    TESCO 
    The investigation into a 250 million pound ($402 million) profit
overstatement at supermarket operator Tesco Plc has unearthed evidence of
"inappropriate behaviour" by staff, two national newspapers reported on Sunday.
 
    
    GLAXOSMITHKLINE 
    Britain's biggest drugmaker GlaxoSmithKline said on Saturday work to develop
a vaccine to combat Ebola, which has killed thousands in West Africa, was moving
at a rapid pace. 
    
    STANDARD CHARTERED 
    Standard Chartered has notified thousands of UAE small and medium enterprise
customers it is closing their accounts as it responds to pressure from US
regulators to cut its risks following an anti-money laundering settlement.
 
       
    DANONE 
    The French food giant said it was not conducting a strategic review of
assets and had not decided on any priority in terms of possible external growth
possibilities. 
    The maker of Activia yoghurt and Evian water made the comments after sources
familiar with the matter told Reuters on Friday Danone had decided it wants to
pursue a takeover of U.S. infant formula maker Mead Johnson Nutrition Co.
 
          
    AREVA 
    Areva and Spanish company ENUSA Industrias Avanzadas signed a multi-year
contract for the supply of enrichment services. This enriched uranium, once
manufactured into nuclear fuel, will be used at Spanish nuclear power plants.
Financial terms were not disclosed. 
    
    IBERDROLA 
    Spanish utility Iberdrola is in the final stages of selling between 25
percent and 40 percent of its distribution business in Spain for at least 3.5
billion euros. The three final candidates include IFM Investor, Abu Dhabi
Investment Authority (ADIA) and Kuwait Investment Authority (KIA), El
Confidencial said citing financial sources. 
    
    FERROVIAL 
    Australian management firm Transfield Services Ltd said on Monday
it had received an indicative takeover proposal from Spanish infrastructure
group Ferrovial, valuing the company at around $876 million. 
    
    FCC 
    The builder and services company said its board approved a well-flagged 1
billion euro rights issue in a meeting on Sunday which it intends to use to pay
down debt. It convened a shareholders' meeting for Nov. 20 to vote on the
matter. 

 (Reporting by Blaise Robinson; Editing by Sudip Kar-Gupta)