Europe Factors to Watch-Shares set to rise; Santander eyed

martes 3 de febrero de 2015 03:32 GYT
 

PARIS, Feb 3 (Reuters) - European stocks were set to inch higher on Tuesday,
lifted by hopes for an agreement on the Greek debt standoff after the country's
new government dropped calls for a write-off of its foreign debt and proposed
swapping debt for growth-linked bonds.
    Finance Minister Yanis Varoufakis, in London to reassure private investors
that he was not seeking a showdown with Brussels over a new debt agreement, said
the new left-wing government would spare privately held bonds from losses, a
source told Reuters. 
    Spain's Santander will be in focus after the euro zone's biggest
bank reported a nearly 70 percent jump in fourth quarter, lifted by earnings
from its lending business and as charges on soured loans fell. 
    Portugal's biggest listed bank Millennium BCP posted a
larger-than-expected fourth-quarter loss despite a 39 percent jump in net
interest income, after a one-off tax hit and lower share prices. 
    Energy shares will be eyed after oil major BP beat profit
expectations for the fourth quarter of 2014 while taking a $3.6 billion
impairment charge and cutting capital expenditures due to low oil prices.
    At 0730 GMT, futures for Euro STOXX 50, for Germany's DAX 
and for France's CAC were up 0.5-0.8 percent.
    French nuclear group Areva will also be in the spotlight after it
warned that it expects to book a significant increase in provisions and
writedowns of assets in its 2014 accounts. 
       
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  MARKET SNAPSHOT AT 0730 GMT: 
                                         LAST   PCT CHG  NET CHG
 S&P 500                             2,020.85     1.3 %    25.86
 NIKKEI                              17335.85   -1.27 %  -222.19
 MSCI ASIA EX-JP                       475.39    0.09 %     0.41
 EUR/USD                                1.134       0 %   0.0000
 USD/JPY                               117.17   -0.35 %  -0.4100
 10-YR US TSY YLD                       1.674        --     0.00
 10-YR BUND YLD                         0.313        --     0.00
 SPOT GOLD                          $1,279.10    0.35 %    $4.41
 US CRUDE                              $50.22    1.31 %     0.65
   
  > GLOBAL MARKETS-ASIA SAGS ON GROWTH WORRIES 
  > WALL ST RALLIES LATE ON GREEK DEAL HOPES; ENERGY GAINS 
  > TOKYO'S NIKKEI SHARE AVERAGE CLOSES DOWN 1.27 PCT 
  > TREASURIES-U.S. BONDS TURN FLAT AS WALL STREET RALLIES 
  > FOREX-AUSTRALIAN DOLLAR SKIDS TO 6-YEAR LOW AFTER RBA CUTS RATES 
  > PRECIOUS-GOLD HOLDS UP ON STRONG FUND INTEREST, ECONOMIC GROWTH WOES 
  > METALS-COPPER CLIMBS, BUT DEMAND CONCERNS SEEN SNUFFING OUT GAINS 
  > OIL FIRM AFTER 2-DAY RALLY, BUT CHINA DEMAND OUTLOOK CAPS GAINS 
    
    SANTANDER 
    The euro zone's biggest bank on Tuesday posted a nearly 70 percent jump in
fourth quarter profit from a year earlier, lifted by earnings from its lending
business and as charges on soured loans fell. 
        
    BP 
    Oil major BP beat profit expectations for the fourth quarter of 2014 while
taking a $3.6 billion impairment charge and cutting capital expenditures due to
low oil prices. 
    
    BG GROUP 
    Britain's third-biggest energy company booked nearly $6 billion worth of
impairment charges in 2014 on the back of the steep drop in oil prices, forcing
it to slash its 2015 investment budget to $6-7 billion. 
    
    STANDARD CHARTERED 
    Standard Chartered is looking to sell its retail business in the
Philippines, part of a wider bid by embattled CEO Peter Sands to cut costs and
shrink the bank's asset base, a person with direct knowledge of the matter said.
 
    
    MILLENNIUM BCP 
    Portugal's biggest listed bank posted a larger-than-expected fourth-quarter
loss on Monday despite a 39 percent jump in net interest income, after a one-off
tax hit and lower share prices. 
    
    SWEDBANK 
    The Swedish Bank reported fourth-quarter net earnings below market
expectations on as bond trading weighed on group treasury income, but still
raised dividends. 
    
    CAR MAKERS
    Automobile sales in Brazil fell nearly 19 percent in January from a year
earlier, dealership association Fenabrave said late on Monday, adding to
concerns of unused capacity and more layoffs at the country's car factories.
 
    
    DEUTSCHE BOERSE 
    Average daily derivatives trading volumes at the Eurex Group rose to 8.9
million contracts in January from 8.5 million in the year-earlier month. The
total monthly volume at Eurex Exchange rose 15 percent year-on-year in January,
Deutsche Boerse said. 
    
    ALFA LAVAL 
    The Swedish engingeering group posted fourth quarter core earnings above
market expectations on Tuesday but said it expected demand to be somewhat lower
in the first quarter.  
    
    FIAT CHRYSLER AUTOMOBILES 
    New car sales in Italy, Europe's fourth-largest car market, rose 10.9
percent in January from the same month a year ago to 131,385 vehicles, Italy's
transport ministry said on Monday. 
    
    ROYAL DUTCH SHELL < RDSa.L>
    Oil company Shell intends to start a 10-year process to dismantle and remove
one of Britain's oldest and biggest oil platforms, Brent Delta, the company said
on Tuesday. 
    Seperately, Royal Dutch Shell negotiators met on Monday with the union
representing workers at U.S. refineries as a strike stretches into a third day
after talks on a new national contract broke down. 
    
    INTERNATIONAL AIRLINES GROUP 
    British Airways's owner committed to serving London to Ireland routes for
five years on Monday in a bid to win backing from the Irish government for its
takeover of partly state-owned airline Aer Lingus. 
    
    JULIUS BAER 
    Swiss private bank Julius Baer could afford another deal of around 60
billion Swiss francs ($65 billion) in assets it is taking on with its purchase
of Merrill Lynch's overseas wealth arm, after it cuts franc spending, its chief
executive said.
    
    TELEFONICA 
    Spanish telecoms group Telefonica has no plans to carry out a large capital
increase beyond a 3.4-billion-euro capital raising announced last year to
finance the acquisition of GVT in Brazil, Chief Financial Officer Angel Vila
told Reuters. 
    
    AREVA 
    The French nuclear group warned that it expects to book a significant
increase in provisions and a significant writedown of assets in its 2014
accounts. 
    
    ALCATEL-LUCENT 
    In the final year of his turnaround plan, Alcatel-Lucent's boss is pushing
the telecom network gear maker to diversify its customer base by selling
Internet equipment to large technology companies and multinational corporations.
 
    
    PSA PEUGEOT CITROEN, SANTANDER 
    Santander's consumer finance unit said it had finalised the deal to
buy 50 percent of Banque PSA Finance, the car finance business of PSA Peugeot
Citroen, after getting the green light from regulators to operate in France.
 
    
    TOTAL 
    The oil major said it has delayed by several months its plans to drill
Denmark's first test wells for shale gas. 
    
    ALTICE 
    The telecoms group said Carlyle has agreed to sell 4.4 million ordinary
shares in Altice equivalent to approximately 1.8 percent of Altice's ordinary
share capital to entities controlled by Patrick Drahi, Dexter Goei and Patrice
Giami. 
    
    GBL 
    Albert Frere, a veteran dealmaker whose impeccable business timing made him
Belgium's richest man, is stepping down as director of his holding firms GBL and
Pargesa. 
    
    SANOFI 
    The French drugs group launched an inhalable insulin in the United States on
Tuesday in a potential boost for its flagging diabetes product sales and for
patient quality of life. 
    
    ABERDEEN ASSET MANAGEMENT 
    Aberdeen Asset Management's funds under management fell to 323.3 billion
pounds ($485.7 billion) at the end of 2014 from 324.4 billion pounds three
months earlier, the money manager said on Tuesday. 
    
    CAPITA 
    British outsourcing group Capita said it agreed to acquire avocis, a
customer contract management company operating in Germany, Austria and
Switzerland, for 210 million euros. 
    
    OCADO 
    British online grocer Ocado on Tuesday posted an annual pretax profit for
the first time since it was founded in 2000. 
    
    TALKTALK 
    The British broadband supplier posted a 4.2 percent rise in third-quarter
revenue, broadly in line with market expectations, after it recorded its
strongest combined take-up of mobile, TV and fibre offers. 
    

 (Reporting by Blaise Robinson; Editing by Alistair Smout)