Europe Factors to Watch-Shares set to inch up; Infineon eyed

jueves 27 de noviembre de 2014 03:25 GYT
 

PARIS, Nov 27 (Reuters) - European stocks were set to inch higher on
Thursday, adding to recent lofty gains, with Infineon in focus after
posting a sharp rise in operating profit.
    The auto and industrial chipmaker said its fiscal fourth-quarter operating
profit rose 27 percent, boosted by increased demand from its industrial and
security customers. However, the results were below analyst forecast.
 
    Shares in French spirits group Remy Cointreau will also be in
focus on Thursday after it reported a 14.6 percent fall in first-half profit on
Thursday, as a Chinese government crackdown on ostentatious spending hurt demand
for its premium cognac. 
    At 0718 GMT, futures for Euro STOXX 50, for Germany's DAX 
and for France's CAC were up 0.2-0.3 percent.
    European stocks have been strongly rising in the past few weeks, lifted by
the prospect of further measures from the ECB including quantitative easing.
    On Wednesday, ECB Vice President Vitor Constancio said the bank might decide
as early as the first quarter of next year whether to begin buying sovereign
bonds, fuelling a rally in European shares. 
    Shares in oil majors and oil services firms will be in the spotlight as
Brent crude fell to a four-year low under $76.30 a barrel ahead of the
OPEC meeting in Vienna. 
    A number of oil services firms have been forced to scrap their dividend as
the sector struggles with the slump in crude prices that has prompted oil majors
to slash capital expenditure. 
           
    Europe bourses in 2014: (link.reuters.com/pad95v)
    Asset performance in 2014: (link.reuters.com/rav46v)
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  MARKET SNAPSHOT AT 0720 GMT: 
                                         LAST   PCT CHG  NET CHG
 S&P 500                             2,072.83    0.28 %      5.8
 NIKKEI                               17248.5   -0.78 %  -135.08
 MSCI ASIA EX-JP                        481.7    0.38 %      1.8
 EUR/USD                               1.2518     0.1 %   0.0013
 USD/JPY                               117.35   -0.31 %  -0.3700
 10-YR US TSY YLD                       2.245        --     0.00
 10-YR BUND YLD                         0.736        --     0.00
 SPOT GOLD                          $1,196.55   -0.09 %   -$1.04
 US CRUDE                              $72.83   -1.17 %    -0.86
 
  > GLOBAL MARKETS-ASIA SHARES EDGE UP, OIL TUMBLES TO 4-YEAR LOW 
  > US STOCKS-S&P 500 ENDS AT RECORD HIGH BOOSTED BY TECH SHARES 
  > NIKKEI SAGS AS FUTURES-SELLING DEEPENS MORNING LOSSES 
  > FOREX-DOLLAR DIPS VERSUS YEN, AUSSIE CLIMBS ON UPBEAT DATA 
  > GOLD SLIPS FURTHER BELOW $1,200 AS FUND OUTFLOWS RESUME 
  > COPPER EDGES OFF THREE-WEEK TROUGH, HELPED BY STIMULUS PROSPECTS 
  > OIL PRICES FALL AS OPEC IS UNLIKELY TO CUT PRODUCTION 
    
    COMPANY NEWS:
    
    INFINEON 
    Auto and industrial chipmaker Infineon said on Thursday its fiscal
fourth-quarter operating profit rose on the back of increased demand from its
industrial and security customers. 
    
    NORSK HYDRO 
    The group, one of the world's largest aluminium producers, will lift its
capital expenditures by some 86 percent next year from this year, and said it
expected higher metal prices to lift earnings for aluminium producers. 
    
    REMY COINTREAU 
    The French spirits group reported a 14.6 percent fall in first-half current
operating profit on Thursday, as a Chinese government crackdown on ostentatious
spending hurt demand for its premium cognac. 
    
    CREDIT SUISSE 
    Credit Suisse Group AG has reached a confidential settlement with Assured
Guaranty Ltd AGO.N on claims related to what the insurer said were defective
loans underlying mortgage-backed securities, court documents showed. 
    
    NOVARTIS 
    Novartis AG has agreed to sell its nicotine patch, Habitrol, in order to win
U.S. antitrust approval for a consumer healthcare joint venture with Britain's
GlaxoSmithKline GSK.L, the U.S. Federal Trade Commission said on Wednesday.
 
    
    AIRBUS GROUP 
    Indonesia's Lion Group is expected to sign a deal on Thursday to buy about
40 ATR 72-600 aircraft for nearly $1 billion at list prices, a source familiar
with the matter said. ATR is co-owned by Airbus group and Italian industrial
conglomerate Finmeccanica. 
    
    AREVA 
    The debt-laden French nuclear group's supervisory board put interim chairman
and chief executive Philippe Knoche on a list of members of an executive board
under a proposed new governance structure, clearing the way for his appointment
as CEO next month. 
    
    ELEKTA 
    Medical technology group posted far lower than expected second-quarter core
earnings on Thursday and cut its fiscal full-year sales and profit growth
outlook sharply. 
    
    LAURENT-PERRIER 
    The champagne group posted a 4.8 percent rise in first-half sales and an
operating margin of 20.9 percent, up from 19 percent in the same period a year
ago. 
    
    FCC 
    The main shareholder of Spain's FCC FCC.MC has reached a deal with Mexican
billionaire Carlos Slim to hand over its rights in a capital hike, El
Confidencial said on Wednesday, paving the way for FCC to raise 1 billion euros
($1.25 billion) to pay off debt.  
            
    TOTAL 
    Total restarted a furnace on the 151,000 barrel-per-day crude distillation
unit at its 225,500 bpd Port Arthur, Texas, refinery, sources familiar with
operations at the plant said. 
    
    GLOBAL BIOENERGIES 
    The company said it had succeeded in producing bio-sourced butadiene by
direct fermentation.
    
    FAIVELEY TRANSPORT 
    The company now expects full-year organic sales growth of 4-7 percent, up
from a previous guidance of 1-4 percent, after it posted 10.1 percent growth in
the first half.
    

 (Reporting by Blaise Robinson; Editing by Atul Prakash)