European Factors to Watch-Shares seen steadying after Wall Street gains

martes 6 de octubre de 2015 02:46 GYT

LONDON, Oct 6 (Reuters) - European stocks were seen steadying on Tuesday,
set to edge slightly higher after gains in Asian and U.S. shares as investors
bet that the U.S. Federal Reserve would delay an interest rate rise into next
    Asian stocks hit a two week high, while on Wall Street, the S&P 500 
rose for a fifth straight day. Investors bet that the Fed would not raise rates
this year, a view supported by weak jobs data out last week. 
    Futures on the Euro STOXX 50, Gemany's DAX, France's CAC
 and Britain's FTSE were up 0.1-0.2 percent ahead of the cash
market open.
    European shares closed higher on Monday, with the pan-European FTSEurofirst
300 up 3 percent to 1,412.97. Weak data in Europe reinforced the view that
monetary policy would remain loose in Europe. 
    On Tuesday, data showed that German industrial orders dropped unexpectedly
in August, due mainly to weaker demand from non-euro zone countries plus the
effect of holidays, the economy ministry said on Tuesday. 
    While the FTSEurofirst 300 initially fell after a disappointing U.S.
non-farm payrolls report last Friday, it has recovered since. It is set to gain
for its third straight session on Tuesday, supported by an environment of low
interest rates.
    "The weak US payrolls report reinforced our view of more ECB easing to come
before year-end," strategists at BNP Paribas said in a note, adding that a
speech by European Central Bank President Mario Draghi later in the session my
provide clues as to the ECB's next move. 
    "Mario Draghi's speech on Tuesday will be scrutinised for any potential
 MARKET SNAPSHOT AT 0542 GMT                                      
                                                 LAST    PCT CHG  NET CHG
 S&P 500                                     1,987.05     1.83 %    35.69
 NIKKEI                                     18,173.62     0.93 %   168.13
 EUR/USD                                       1.1184    -0.01 %  -0.0001
 USD/JPY                                       120.43    -0.02 %  -0.0200
 10-YR US TSY                                   2.042         --    -0.01
 10-YR BUND YLD                                 0.566         --     0.00
 SPOT GOLD                                  $1,135.91     0.03 %    $0.31
 US CRUDE                                      $46.33     0.15 %     0.07
    New York's banking regulator has questioned dozens of traders and executives
at Credit Suisse, Barclays, Deutsche Bank and other banks about whether their
electronic foreign exchange trading platforms were rigged, according to a person
familiar with the matter. 
    New CEO Matthias Mueller to address workers at a staff briefing at VW
headquarters in Wolfsburg.
    Separately, a source told Reuters the carmaker has not found any evidence
against three top engineers suspended as part of its internal investigation into
the rigging of U.S. emissions tests. 
    Also, Volkswagen has admitted that 8 million vehicles were fitted with
software capable of cheating diesel emissions tests in the European Union, a
German newspaper said on Monday, citing a letter the carmaker sent to members of
    The group faces a double test of confidence in the A380 superjumbo in the
coming months as Singapore Airlines ponders whether to renew its first
lease while the planemaker seeks to bolster new sales, a leading industry banker
    The group's Air France unit said it would seek to cancel five Boeing plane
orders as part of a new cost-cutting drive. 
    The French media group said it had bought additional shares in Telecom
Italia on the market, taking its stake to 19.9 percent. 
    Bouygues Telecom, France's third-largest mobile operator, said it aimed to
return to sustainable growth in sales and profit in the coming years by cutting
costs and growing its fixed and mobile subscriber base. 
    A Renault board meeting on Tuesday will discuss the French carmaker's
alliance with Japan's Nissan amid tensions with the French government
over its increased stake in Renault, Le Figaro newspaper reported.
    The drugmaker said final survival data from a Phase III clinical trial
showed the Cotellic drug used in combination with Zelboraf helped people with
previously untreated BRAF V600 mutation-positive advanced melanoma live
significantly longer compared to Zelboraf alone. 
     SAB MILLER : SABMiller, the brewing giant which is in talks
about a potential takeover by rival Anheuser-Busch InBev, said growth
accelerated in its second quarter with volumes up 2 percent. 
    EASYJET : EasyJet reported higher passenger figures for September.
    The U.S. state of Connecticut's highest court made it easier for private
sector workers to bring whistleblower claims against their employers without
fear of retaliation, ruling in a case brought by a former UBS real estate
    The United Auto Workers and Fiat Chrysler Automobiles NV negotiators were
back at the table on Monday days after U.S. union members soundly rejected a
proposed four-year contract the two sides agreed on three weeks ago.
    The carmaker said on Monday it had announced leadership changes in support
of changes at the Fiat Chrysler Automobiles N.V. Executive Council level.
    Property investor and developer Kiler has commissioned Bilfinger Real Estate
to manage two shopping malls in Turkey.
    Standard & Poor's revised the outlook for Repsol to "negative" and affirmed
its corporate credit rating at "BBB-/A-3".    
    0600    DE    Industrial Orders
    0700    GB    Halifax house prices
    0715    CH    CPI
    1230    CA    Trade data
    1230    US    International trade
    1255    US     Redbook
    1400    CA    Ivey PMI

  > GLOBAL MARKETS-Asian shares rise on fading Fed rate views    
  > US STOCKS-Wall St rises as investors eye rate hike delay, oil up    
  > Nikkei rises to 2-1/2-week high as fading US rate views buoy appetite   
  > TREASURIES-U.S. bond prices fall as investors jump back to stocks    
  > Dollar stands tall vs yen, Aussie gains after RBA holds rates steady    
  > Gold near 1-week high as investors see Fed delaying rate hike         
  > METALS-London copper flat; traders shrug off Glencore supply cut view   
  > Crude prices steady in Asian trade, Russia mulls oil talks        

 (Reporting by Alistair Smout)