European Factors to Watch-European shares to resume sell-off

viernes 12 de diciembre de 2014 03:26 GYT
 

LONDON, Dec 12 (Reuters) - European equity index futures fell on Friday,
with renewed declines in the price of oil seen hitting energy stocks while
political concerns over Greece also peg back equities.
    The euro zone's Euro STOXX 50 futures contract fell 0.9 percent,
Germany's DAX futures contract declined by 1 percent to 9,781 points
while France's CAC futures contract retreated by 0.7 percent.
    Brent crude continued its march downwards on Friday and dropped to a
5-1/2-year low of $63 a barrel, bringing this week's losses to more than 8
percent amid persistent concerns over a global supply glut and a bearish demand
outlook, while traders remained concerned by Greece. 
    In Greece, Prime Minister Antonis Samaras on Thursday warned the country
risked a "catastrophic" return to the depths of its debt crisis if his
government fell, raising the stakes before a presidential vote this month.
 
    "Greece is rearing its ugly head again. It's not good for the euro zone,"
said Darren Courtney-Cook, head of trading at Central Markets Investment
Management, who expected the DAX futures to fall to 9,200-9,300 points over the
coming weeks.
    China's economy also showed further signs of fatigue in November, with
factory growth slowing more than expected and investment expansion hovering near
a 13-year low, putting pressure on policymakers to unveil stronger stimulus
measures.    
    On the corporate takeovers front, newspaper Expansion reported that Spanish
oil group Repsol was finalising a bid of around 4 billion euros ($5 billion) for
Canada's Talisman Energy Inc.    
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 MARKET SNAPSHOT AT 0724 GMT                                       
                                        LAST              PCT CHG  NET CHG
 S&P 500                            2,035.33               0.45 %     9.19
 NIKKEI                            17,371.58               0.66 %   114.18
                                                                          
 EUR/USD                               1.239              -0.15 %  -0.0019
 USD/JPY                              118.88               0.19 %   0.2300
 10-YR US TSY                          2.157                   --    -0.02
 YLD                                                               
 10-YR BUND YLD                        0.662                   --    -0.02
 SPOT GOLD                         $1,220.25              -0.59 %   -$7.30
 US CRUDE                             $59.41               -0.9 %    -0.54
  > GLOBAL MARKETS-ASIAN SHARES LIFTED BY U.S. DATA, OIL SLIDES 
  > WALL ST BOUNCES AFTER 3-DAY SLUMP; OFF DAY'S HIGHS AS OIL FALLS 
  > NIKKEI SNAPS 3-DAY LOSING STREAK ON US DATA, WEAK YEN; ELECTION EYED 
  > TREASURIES-LONG BONDS GAIN AS AUCTION SEES STRONG INVESTOR DEMAND 
  > DOLLAR BULLS EMERGE AFTER UPBEAT US RETAIL SALES, OIL CURRENCIES SOFT 
  > PRECIOUS-GOLD EASES AS DOLLAR FIRMS, BUT SET FOR BEST WEEK SINCE JUNE 
  > METALS-LONDON ZINC STEADIES AFTER OIL SLAP 
  > BRENT HITS 5-1/2 YEAR LOW OF $63 ON SUPPLY GLUT, DEMAND WOES 
    
    COMPANY NEWS:
    REPSOL /TALISMAN :
    Spanish oil group Repsol is finalising a bid of around 4 billion euros for
Canada's Talisman, newspaper Expansion reported. 
    
    BMW :
    BMW India has announced a price hike of up to 5 percent across BMW and Mini
products. 
    
    COMMERZBANK :
    Commerzbank's expected settlement with authorities over alleged violations
of U.S. sanctions and anti-money laundering laws is likely to exceed $1 billion
in penalties, according to a person familiar with the probes. 
    
    HUGO BOSS :
    Private equity firm Permira is cutting its stake in fashion
retailer Hugo Boss to about 32 percent from 39 percent by selling more shares on
the open market, Hugo Boss said late on Thursday. 
    
    AURUBIS :
    Aurubis, Europe's biggest copper smelter, said it expects a "significant"
rise in operating earnings this fiscal year after posting a 21 percent increase
in operating pretax profit for last year. 
($1 = 0.8067 euros)

 (Reporting by Sudip Kar-Gupta; Editing by Atul Prakash)