European Factors to Watch-Shares seen steadying after commodity-led decline

martes 2 de diciembre de 2014 03:36 GYT
 

(Adds futures prices, analyst quote)
    LONDON, Dec 2 (Reuters) - European equity futures rose on Tuesday,
indicating a higher open for the region's stock markets after a pullback in the
previous session that had been caused by a slump in the price of crude oil.
    The euro zone's blue-chip Euro STOXX 50 futures contract was up by
0.6 percent, Germany's DAX futures rose 0.4 percent while France's CAC
 advanced by 0.6 percent, lifted by progress in Asia overnight. 
    Brent crude slipped to nearly $72 a barrel on Tuesday, giving up part of a
brief bounce seen late on Monday, when prices rallied for the first time in six
sessions.
    Oil has plunged by close to 40 percent in the past five months in its
longest string of monthly losses since the 2008 crisis, as supply growth led by
the U.S. shale oil boom exceeded demand. A decision by OPEC to maintain output
has also pummelled prices.
    However, IMF Managing Director Christine Lagarde said late on Monday that
the falling oil prices were a positive for the global economy as a whole, and
although the drop in oil has hit energy stocks, it has also given a lift to
travel stocks and should have a positive impact on consumer spending.
 
    "The weight of money does seem to want to come back into the stock markets,
and we're more likely to drift up going into the end of the year than drift
down," said Terry Torrison, managing director at Monaco-based McLaren
Securities.        
    
    Europe bourses in 2014: (link.reuters.com/pad95v)
    Asset performance in 2014: (link.reuters.com/rav46v)
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 MARKET SNAPSHOT AT 0728 GMT                                         
                                                LAST        PCT CHG  NET CHG
 S&P 500                                    2,053.44        -0.68 %   -14.12
 NIKKEI                                    17,663.22         0.42 %    73.12
                                                                            
 EUR/USD                                      1.2456         -0.1 %  -0.0013
 USD/JPY                                      118.64         0.21 %   0.2500
 10-YR US TSY YLD                              2.227             --     0.01
 10-YR BUND YLD                                0.744             --     0.02
 SPOT GOLD                                 $1,206.66        -0.31 %   -$3.77
 US CRUDE                                     $68.42        -0.84 %    -0.58
 
  > GLOBAL MARKETS-ASIA SHARES TAKE HEART FROM OIL BOUNCE, DOLLAR CAPPED
    
  > US STOCKS-WALL ST FALLS IN BROAD DECLINE; APPLE STUMBLES 
  > NIKKEI HITS 7-YR HIGH, HOPES OF BOJ BUYING STOCKS OFFSETS MOODY'S 
  > TREASURIES-RALLY ENDS ON PROFIT-TAKING, DATA CAUTION 
  > FOREX-DOLLAR HOLDS FIRM; AUSSIE EDGES HIGHER ON SHORT-COVERING 
  > PRECIOUS-GOLD DIPS AFTER OVERNIGHT SURGE, BUT HOLDS ABOVE $1,200 
  > METALS-LONDON COPPER SLIPS, BUT HOLDS ABOVE 4-1/2 YR LOW AS OIL STEADIES
    
  > BRENT SLIPS TO NEAR $72 AFTER SHARP RALLY IN VOLATILE MARKET 
    
    COMPANY NEWS:
    AIRBUS :
    China Aircraft Leasing Group Holdings Ltd (CALC) on Tuesday said
it has finalised a $10.2 billion deal to buy 100 planes from European aircraft
maker Airbus Group NV subject to shareholder approval. 
    
    BANKIA :
    A Spanish High Court judge has asked investment bank Lazard to
provide information on a 6 million euro ($7.5 million) payment to ex-IMF boss
Rodrigo Rato when he was head of lender Bankia in 2011, a court order showed on
Monday. 
    
    GERMAN CARMAKERS:
    Germany's VDA auto industry association publishes November vehicle sales for
Europe's largest car market and gives an outlook for 2015. Separately, the
United Auto Workers union said on Monday it will press managers of the Daimler's
Mercedes-Benz assembly plant in Alabama to respect the right of workers to
discuss organizing a local union while on the factory floor. 
    
    E.ON :
    Moody's has placed E.ON's A3 ratings on review for downgrade following its
announcement to split in two, spinning off power plants to focus on renewable
energy and power grids. 
    
    FIAT :
    Fiat's share of the Italian market stood at 27.3 percent in November, as new
car sales in Italy rose 4.95 percent to 107,965 vehicles from the same month a
year ago. 
    
    LUFTHANSA :
    Pilots at Lufthansa are on strike for a second day and expand their walkout
to include long-haul and cargo flights. 
    
    PORTUGAL TELECOM :
    Angolan investor Isabel dos Santos formally registered her offer for holding
company Portugal Telecom SGSP on Monday, a spokesman said. 
    
    ROCHE :
    Roche said on Tuesday it will acquire San Jose, CA-based Ariosa Diagnostics,
Inc., a molecular diagnostics firm which makes a prenatal test to
assess the risk of Down syndrome and other genetic abnormalities.
 
    
    SMA SOLAR :
    SMA Solar, Germany's largest solar company, cut its outlook for 2014, citing
declining orders in its European distribution business and project delays in
Great Britain.        

 (Reporting by Sudip Kar-Gupta; Editing by Francesco Canea)