European Factors to Watch- Indexes seen edging lower; energy in focus

lunes 15 de diciembre de 2014 03:38 GYT
 

LONDON, Dec 15 (Reuters) - European equity indexes were seen opening flat to
lower on Monday, with oil stocks in the spotlight after a further slide in crude
prices overnight.
    Futures for the Euro STOXX 50 equity index were down 0.2 percent
while contracts on Germany's DAX were flat at 0738 GMT. Trading in
futures on France's CAC was halted due to technical problems at
Euronext.  
     Brent prices fell to a 5-1/2 year low early on Monday after the
International Energy Agency forecast further price falls and OPEC's chief
defended the group's decision not to cut its output target. Crude prices later
staged a rebound, with Brent for January delivery last seen up 1 percemt
at $62.47. 
    European shares posted their biggest weekly loss since mid-2011 on Friday as
a relentless slide in crude oil prices pounded the energy sector.
    
    
    COMPANY NEWS
    
    RIO TINTO, BHP BILLITON 
    Rio Tinto and BHP Billiton are amassing vast copper holdings in a push to
capture a greater chunk of the $140 billion world market, apparently aiming to
squeeze out high-cost producers just as they did in the global iron ore
business. 
    
    TECHNIP, CGG 
    Technip said it had ruled out making an offer for seismic surveys specialist
CGG after talks with the company failed to produce an agreement. 
    Technip separately says it has agreed to buy the Franfurt-based Zimmer
polymer business of Air Liquide Global E&C Solutions Germany. 
    
     REPSOL 
    Spanish oil major Repsol SA is finalising an offer for Canada's
Talisman Energy Inc and has sent executives to Calgary to step up
talks, a source with knowledge of the matter said on Friday. 
    
    FCC 
    A 1-billion-euro ($1.25 billion) rights issue by Spanish builder FCC has
been fully subscribed, El Confidencial online newspaper reported on Sunday,
citing financial sources.
    New investor Carlos Slim, the Mexican billionaire, took part as expected,
the paper said, as did existing FCC shareholders such as Microsoft co-founder
Bill Gates. 
    
    ACCIONA 
    The government of the Catalonia region, in northeastern Spain, is likely to
revoke the Aigues Ter-Llobregat water management project contract previously
awarded to a consortium led by Acciona, La Vanguardia reported on Sunday.    
    
    SAINT GOBAIN 
    Swiss construction chemicals group Sika said its management is no closer to
an agreement with French building materials supplier Saint-Gobain, denying
market speculation that helped the company's share price recover on Friday.
 
    
    HENNES & MAURITZ 
    The Swedish fashion retailer said its sales rose 10 percent in November,
just above a forecast of 9 percent in a Reuters poll of analysts.
    
    For more on the company, click 
    
    EURO ZONE BANKS 
    The European Central Bank gave initial approval to the plans of 13 banks to
plug capital holes discovered in health checks, it said on Friday, bringing a
landmark examination of the sector almost to a close. The plans will now go to
the central bank's governing council for final sign off. 
    
    COMMERZBANK 
    The company plans to raise the price of its banking services for corporate
customers due to persistent low interest rates, board member Markus Beumer told
a newspaper. 
    
    
    DANSKE BANK 
    Danske Bank said it expects to make goodwill impairments of around 9 billion
Danish crowns ($1.5 billion) relating to its activities in Finland, Northern
Ireland and Estonia.
    For more on the company, click 
    
    STORA ENSO 
    The Finnish pulp and paper manufacturer said on Saturday it was selling a
loss-making speciality fine paper mill in Germany to a company mainly owned by
the private equity fund Perusa Partners Fund 2 for about 7 million euros.
    Stora said it will record a loss of 30 million euros, which will show as a
non-recurring item in the 2014 fourth-quarter results. 
    For more on the company, click 
    
    KONE 
    The Finnish lift maker said it won an order to supply 51 elevators to three
office buildings in Changsha, China. Kone booked the order in the third quarter
of 2014. 
    For more on the company, click    
    
    HSBC HOLDINGS 
    The Swiss private banking arm of HSBC Holdings is not for sale, its head
said in a newspaper interview published on Saturday. 
        
    BAYER 
    The drugmaker has failed in a last-ditch attempt to block the sale of a
cheap generic version of its cancer drug Nexavar in India, after the country's
Supreme Court ruled against it on Friday. 
    
    DAIMLER 
    China could overtake Germany and Italy to become the biggest market for
Daimler's mini car brand Smart in a few years, Smart chief executive Annette
Winkler said on Saturday. 
    
    ACCOR 
    The French hotel operator announced a strategic alliance with China Lodging
Group to create a major new player in the fast-growing Chinese domestic travel
and hospitality market. 
    
     SYNGENTA AG 
     Syngenta expects to win Chinese government approval soon for imports of a
type of genetically modified corn at the center of lawsuits over U.S. grain
shipments rejected by Beijing, a company spokesman said on Friday.
 
        
    VINCI 
    French toll road operators will make new proposals about their contracts to
operate France's highways at a meeting with the government next week, sources
said on Friday.  
    
    LUFTHANSA 
    Lufthansa may soon face competition at its second biggest hub, Munich
airport, from low-cost carrier Ryanair, a German magazine reported.
 
    
    MERCK KGAA 
    Moody's downgraded the drugs and chemicals company's ratings to Baa1 with a
negative outlook, citing effects of the multi billion-euro takeover of
Sigma-Aldrich. 
    Separately, Merck lured in a gigantic 8 billion euro order book for its
jumbo hybrid deal on Monday, while leads say it locked in the tightest ever
coupon for the asset class. 
    
    AIRBUS  
    Airbus said on Friday that the delivery of the first Airbus A350 to Qatar
Airways has been rescheduled for December 22. 
    
    GENERALI, UNIPOLSAI, CATTOLICA 
    Rating agency Standand & Poor's said on Friday it had cut by one notch its
long-term ratings on Assicurazioni Generali and other three Italian insurers
following the downgrade of the country's sovereign rating. In a statement, S&P
said it now rated Generali 'BBB+' from 'A-'. UnipolSai and Cattolica 'BBB-' from
'BBB'. 
    
    ENEL 
    In an interview on Sunday with Il Messaggero, CEO Francesco Starace said
Enel will close 2014 with an EBITDA of more than 15 billion euros and a leverage
ratio in line with its main rivals of 2.5 times the core profit. He forecast at
least 1.6 billion euros in savings from maintainance investments which could be
used to grow, pay higher dividends and, if necessary, cut debt.
    
    NORDEX 
    German wind turbine maker Nordex is mulling paying a dividend for the first
time since listing on the stock exchange as part of efforts to create a
long-term investor base, its chief financial officer told a German newspaper.
 
    
    ENEL GREN POWER 
    The renewables energy company has sold its 36.2 percent stake in El
Salvador's La Geo for $280 million, closing operations in the country, Enel
Green Power said in a statement on Friday.  
    
    MEDIASET 
    In an interview with Milano Finanza, CFO Carlo Giordani said sharing
platforms, content and know-how with Vivendi and other operators could
bring synergies, adding that the Italian group was also open to evaluate
cross-shareholdings in any possible deal, although there was nothing concrete at
present.
    
       
    MAJOR MACROECONOMIC DATA/EVENTS (GMT)  :
    1100 GB CBI Trends Dec
    1330 US NY Fed Manufacturing
    1415 US Industrial Output Nov
    1500 US NAHB Housing Market Index Dec 
    
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  MARKET SNAPSHOT AT 0622 GMT: 
        
                                            LAST     PCT CHG    NET CHG
 S&P 500                                2,002.33     -1.62 %        -33
 NIKKEI                                  17099.4     -1.57 %    -272.18
 MSCI ASIA EX-JP                           456.8     -0.82 %      -3.77
 EUR/USD                                  1.2448      -0.1 %    -0.0012
 USD/JPY                                  118.59     -0.15 %    -0.1800
 10-YR US TSY YLD                          2.099          --       0.00
 10-YR BUND YLD                            0.629          --       0.00
 SPOT GOLD                             $1,217.90     -0.34 %     -$4.20
 US CRUDE                                 $58.39         1 %       0.58
  
  > ASIAN SHARES FALL TO 9-MONTH LOW AS OIL PRICES SINK              
  > OIL SLUMP LEADS WALL ST TO WORST WEEK IN 2-1/2 YEARS                    
  > JAPAN'S INBOUND TOURISM GROWTH BOOSTS RETAILERS, RAILROAD OPERATORS     
  > TREASURIES-BONDS GAIN AS OIL PRICE SLIDE INCREASES DISINFLATION FEARS 
  > FOREX-YEN EDGES UP IN CHOPPY TRADE AS RISK AVERSION RISES             
  > PRECIOUS-GOLD SLIPS AS U.S. RATE HIKE WOES SURFACE                    
  > LME COPPER SHRUGS OFF OIL ROUT; CHINA STIMULUS HOPES SUPPORT         
  > BRENT GIVES UP SOME GAINS, HEADS TOWARD $62 IN VOLATILE TRADE          
    

 (Reporting By Francesco Canepa; Editing by Alistair Smout)