Europe Factors to Watch-Shares set to rise; techs in focus

lunes 30 de marzo de 2015 02:51 GYT
 

PARIS, March 30 (Reuters) - European stocks were set to rise on Monday,
bouncing back from last week's losses with tech shares in focus after news of
merger talks in the sector spurred a late-session rally on Wall Street on
Friday.
    Intel Corp is in talks to buy fellow chipmaker Altera Corp 
in a deal likely to top $10 billion, according to a source familiar with the
matter, which would make it Intel's biggest acquisition ever and the latest
merger in the quickly consolidating semiconductor sector. 
    Intel shares jumped 6.4 percent on Friday, making it the biggest boost to
the Dow, S&P 500 and Nasdaq 100 indexes, while Altera
shares surged 28.4 percent. Infineon, STMicroelectronics,
ARM and ASML feature among Europe's biggest chipmakers and
chipmaking production equipment makers.
    At 0650 GMT, futures for Euro STOXX 50, for Germany's DAX 
and for France's CAC were up 0.4-0.5 percent.
    Market sentiment on Monday was also supported by recent central bank
comments.
    Weekend comments from Chinese central bank governor Zhou Xiaochuan
reinforced expectations for further monetary easing to support the country's
slowing economy. 
    On Friday, Federal Reserve Chair Janet Yellen signaled that the U.S. central
bank will likely start raising borrowing costs later this year, but emphasized
the return to normal interest rates will be gradual. 
    "The cautious tone that she struck stating that there was no set path,
completely dependant on the data, and the fact that she highlighted the risks of
raising rates too quickly as greater than leaving them low for too long is also
set to play in to the hands of the bulls this morning," Capital Spreads trader
Jonathan Sudaria wrote in a note.
    Greek shares will be in the spotlight again after Greece and its
international creditors continued talks through the weekend on reforms to unlock
loans and Athens sounded an upbeat tone, but the lenders said it could take
several more days before a proper list of measures was ready. 
        
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  MARKET SNAPSHOT AT 0650 GMT:
                                         LAST   PCT CHG  NET CHG
 S&P 500                             2,061.02    0.24 %     4.87
 NIKKEI                               19411.4    0.65 %   125.77
 MSCI ASIA EX-JP                        484.5    0.43 %     2.07
 EUR/USD                               1.0866   -0.19 %  -0.0021
 USD/JPY                               119.28    0.15 %   0.1800
 10-YR US TSY YLD                       1.953        --     0.01
 10-YR BUND YLD                         0.195        --    -0.01
 SPOT GOLD                          $1,193.20   -0.47 %   -$5.60
 US CRUDE                              $48.01   -1.76 %    -0.86
  > GLOBAL MARKETS-Asia shares swing higher as China nears 7-yr high 
  > US STOCKS-Wall St ends 4-day skid on late tech rally 
  > Nikkei up in choppy trade; airline shares outperform on weak oil prices 
  > TREASURIES-Bond prices rally on month-end buying, hold gains after 
  > FOREX-Dollar supported even as Yellen drives home message of patience 
  > PRECIOUS-Gold slips as Yellen signals U.S. rate hike on track 
  > METALS-London nickel slides to lowest since 2009 on weak demand 
  > Oil prices fall as Iran, world powers seek nuclear deal 
    
    COMPANY NEWS:
    
    TECH SHARES
     Intel Corp is in talks to buy fellow chipmaker Altera Corp
 in a deal likely to top $10 billion, according to a source familiar
with the matter, making it Intel's biggest purchase ever and the latest merger
in the quickly consolidating semiconductor sector. 
    
    LAFARGE, HOLCIM, CRH 
    Russian businessman Filaret Galchev, who owns a 10.8 percent stake in
Switzerland's Holcim via Eurocement Holding AG, has rejected merger terms
between France's Lafarge and Holcim, a Swiss newspaper reported on
Sunday. 
    
    RICHEMONT, YOOX 
    Italian online fashion retailer Yoox could unveil a deal to buy Richemont's
CFR.VX Net-a-Porter as early as this week, sources close to the matter told
Reuters at the weekend. 
    
    TOTAL 
    French oil producer Total has agreed to sell a stake in an onshore oilfield
in Nigeria for $569 million, bringing the proceeds from earlier divestments in
the country to more than $1 billion. 
    
    VIVENDI 
    Vivendi has traded blows with activist investor PSAM over the fund's bid for
a larger payout from the French media group, with Vivendi warning the fund could
be in breach of the law and the fund accusing it of attempting to intimidate it.
 
    
    SAP 
    Cloud software company Salesforce.com Inc aims to overtake SAP in
terms of sales on the German company's home market in the coming years, the
Europe chief of Salesforce told a German magazine. 
    
    ABN AMRO 
    The Dutch government will reconsider selling off ABN Amro, Finance Minister
Jeroen Dijsselbloem said, after senior managers agreed to give up a
controversial pay rise that had stalled progress on the bank's proposed share
listing. 
    
    GLAXOSMITHKLINE 
    GlaxoSmithKline has reached a deal with the British government to supply a
new meningitis B vaccine, following a lengthy stand-off over price with the
product's previous owner Novartis. 
    
    WORLD DUTY FREE, DUFRY 
    Dufry plans to raise around 3.6 billion euros ($3.91 billion)
through a mixture of debt and equity financing for its planned takeover of
Italy's World Duty Free, Dufry said on Monday. 
    
    SKY 
    European pay-TV group Sky plans to bid in the next auction of rights to show
German Bundesliga soccer matches, its chief executive told German daily
Sueddeutsche Zeitung. 
    
    ITALIAN BANKS
     Italian banks are struggling to sell billions of euros of bad debts, making
it hard for them to support new lending and help the country leave behind a
three-year recession. 
    
    RIO TINTO 
    Proposals made to the Mongolian government by global mining giant Rio Tinto
last November to restart the long-delayed Oyu Tolgoi copper mine were the firm's
"best and final offer" and won't be changed, Rio's chief executive said.
 
    
    UBS 
    The French division of Swiss bank UBS has been placed under formal
investigation by French authorities and been asked to pay a 40 million euro
bail, UBS said on Friday, in an escalation of a long-running probe into
allegations the bank helped clients avoid taxes. 
    
    INTERNATIONAL CONSOLIDATED AIRLINES GROUP 
    British Airways, which is owned by IAG, said on Sunday tens of thousands of
its frequent flyer accounts had been hacked and that it had frozen those
affected to sort the problem out. 
    
    ROLLS-ROYCE 
    The engine maker said Air China has selected Trent 1000 engines.
 
    
    COMPASS GROUP 
    Britain's Compass Group, the world's biggest catering firm, said it expected
first half organic revenue growth of around 5.5 percent after seeing a return to
growth in Europe and Japan and strong demand in its North American business.
 
    
    TULLOW OIL 
    Ivory Coast argued in an international tribunal on Sunday that allowing
Ghana to continue oil exploration in a disputed offshore area pending a ruling
on their border line would do irreparable damage to its economy and energy
policy. 
    

 (Reporting by Blaise Robinson)