Europe Factors to Watch-Shares set to bounce after 2-day slide

viernes 27 de marzo de 2015 02:51 GYT
 

PARIS, March 27 (Reuters) - European stocks were set to rise on Friday,
halting a sharp two-day retreat as a renewed fall in the euro currency was set
to help the shares of exporting companies.
    The euro dipped on Friday, trading at $1.0866, well below Thursday's
intraday high of $1.10525. European shares have strongly rallied in the past six
months as investors bet a sharp drop in the euro currency will boost the
region's economy and lift corporate results.
    Financial spreadbetters expected Britain's FTSE 100 to open 16 to 20
points higher, or up 0.3 percent, Germany's DAX to open 36 to 50 points
higher, or up 0.5 percent, and France's CAC 40 to open 4 to 10 points
higher, or up 0.2 percent.
    European stocks tumbled in the past two sessions, with the FTSEurofirst 300
 losing 1.9 percent, as a rebounding euro currency prompted investors to
cash in recent lofty gains on stocks.
       
------------------------------------------------------------------------------
  MARKET SNAPSHOT AT 0650 GMT: 
                                         LAST   PCT CHG  NET CHG
 S&P 500                             2,082.17    0.17 %     3.63
 NIKKEI                              17854.23    1.24 %   219.09
 MSCI ASIA EX-JP                       462.98    0.23 %     1.06
 EUR/USD                               1.2178    0.06 %   0.0007
 USD/JPY                               120.30   -0.31 %  -0.3700
 10-YR US TSY YLD                       2.245        --    -0.01
 10-YR BUND YLD                         0.593        --     0.00
 SPOT GOLD                          $1,178.91     0.3 %    $3.55
 US CRUDE                              $56.68   -0.77 %    -0.44
 
  > GLOBAL MARKETS-Asian stocks mixed as Mideast worries linger 
  > US STOCKS-Wall St ends down in choppy session, but off lows 
  > Tokyo's Nikkei share average closes down 0.95 pct 
  > TREASURIES-Weak seven-year auction sends yields higher 
  > Dollar off lows but poised for second weekly loss; Yellen in focus 
  > PRECIOUS-Gold dips after 7-day rally but set for second weekly gain 
  > London copper set for 3rd weekly gain as mine supply drops 
  > Oil prices fall more than $1 as supply threat eases 
    
    COMPANY NEWS:
    
    RICHEMONT 
    Amazon.com is in talks to buy Richemont-owned retailer Net-a-porter
in what could be the biggest acquisition yet for the e-commerce giant, but the
negotiations are in early stages and could fall apart, Forbes reported, citing a
person familiar with the matter. 
    
    EDF /AREVA.PA 
    French energy group EDF is considering whether to take a stake in struggling
nuclear power group Areva, business daily Les Echos reported. 
    
    SAINT GOBAIN 
    French building materials group Saint-Gobain's sale of its glass bottles
business Verallia may raise up to 2.8 billion euros, Les Echos newspaper
reported. 
    
    BOLLORE /VIVENDI 
    French businessman Vincent Bollore's holding company Bollore said on
Thursday it had raised its stake in the French media group Vivendi beyond 10
percent. 
    
    GENFIT 
    French drugmaker Genfit said on Thursday it will begin a late stage trial
later this year of its lead treatment for a liver-destroying condition, saying
it failed a midstage trial in part due to its inclusion of many patients with a
mild form of the disease. 
    
    PIRELLI 
    Italian tyre maker Pirelli is not talking to others about a possible
counterbid after receiving a takeover offer from China National Chemical Corp,
CEO Marco Tronchetti Provera told Reuters. 
    
    BANCA POPOLARE MILANO 
    The lender is working with JP Morgan to review merger options for the
Milan-based cooperative lender, two sources familiar with the matter said on
Thursday. 
    
    GENERALI, UNIPOLSAI 
    Italy's antitrust said on Thursday it had slapped fines worth an overall 29
million euros on the two insurers for restricted practices in regard to
participation in tenders for providing insurance for 15 publicly-owned local
transport companies. Both companies said they will appeal the decision.
    
    LUFTHANSA 
    German aviation association BDL said all German airlines, including
Lufthansa and its unit Germanwings, had agreed to discuss possible new rules
requiring two crew members to be in the cockpit at all times following the
Germanwings crash. 
    
    

 (Reporting by Blaise Robinson)