European Factors to Watch-Futures point to flat open on Greece

jueves 2 de julio de 2015 02:51 GYT
 

LONDON, July 2 (Reuters) - European shares were expected to open broadly flat on Thursday, with Greece just days away from a referendum that may decide its future in Europe and investors awaiting a U.S. employment report ahead of a holiday weekend.

Futures on the Euro STOXX 50, the CAC 40 and the DAX were 0.3 percent higher at 0639 GMT. Futures on the FTSE 100 were flat.

Greece's defiant prime minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, a day after the country became the first developed economy to default on debt to the International Monetary Fund, wrecking any prospect of repairing broken relations with European Union partners ahead of Sunday's vote.

"Till (the referendum) markets are in limbo," said Jonathan Sudaria, trader at London Capital Group, "and even today's (U.S.) non-farm payrolls will struggle to shift markets out of their current holding pattern."

Elsewhere on markets there appeared to be a dent to merger mania, with the U.S. filing a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire, Kenmore and Tappan brands, from buying General Electric Co's appliance business, according to a Justice Department statement.

Deal announcements kept coming, however, with insurance giant ACE agreeing to buy upmarket property insurer Chubb Corp for $28.3 billion, and Spanish travel technology company Amadeus saying it would buy Navitaire, a subsidiary of Accenture Plc.

July also marks Tidjane Thiam's first month as chief executive of Credit Suisse, with investors optimistic that he will successfully switch Credit Suisse's focus to lucrative Asian wealth management and shrink its cash-intensive investment bank.

TESCO   Continuación...