European Factors to Watch-Shares seen extending gains, autos in focus

viernes 16 de octubre de 2015 02:46 GYT
 

(Updates futures prices, adds company news)
    LONDON, Oct 16 (Reuters) - European shares were expected to extend the
previous session's rally on Friday, tracking strong gains on Wall Street and in
Asia, as some U.S. data releases eased concerns about the pace of recovery in
the world's biggest economy.
    U.S. consumer prices fell the most in eight months as gasoline costs fell in
September, but a rise in core CPI, which strips out food and energy costs,
suggested inflation was starting to firm. Also, the number of Americans filing
new applications for unemployment benefits fell back to a 42-year low last week,
suggesting the labor market remained strong despite. 
    "U.S. data gave something for all the bulls to cling on to. A pickup in
inflation and a drop in unemployment claims led some to think the U.S. economy
was continuing to maintain its anaemic recovery," Jonathan Sudaria, dealer at
London Capital Group, said.
    Automobile shares will be in focus after industry data showed that strong
demand for German cars helped lift European sales in September, contributing to
the 25th consecutive month of growth in the European Union. 
    Futures for the euro zone's blue-chip Euro STOXX 50 index,
Germany's DAX, France's CAC and Britain's FTSE 100 were
up between 0.4 and 0.6 percent by 0646 GMT.
    Wall Street recorded its best level in eight weeks on Thursday after data
releases and strong earnings from Citigroup led investors to pile back into
stocks. Major share indexes   rose 1.3 to 1.8 percent. 
    Japan's Nikkei share average gained 1 percent on Friday. 
    The pan-European FTSEurofirst 300 index closed 1.4 percent higher
in the previous session, while the euro zone's blue-chip Euro STOXX 50 index
 rose 1.5 percent.
    
    COMPANY NEWS
    
    CARREFOUR 
    Europe's largest retailer reported an acceleration in third-quarter sales,
reflecting an improving performance in Southern Europe, good momentum in France
and resilience in Brazil despite a slowing economy. 
    
    HUGO BOSS 
    The fashion house cut its 2015 sales and profit outlook on Thursday as a
slowdown in China and more hesitant tourist shoppers in the United States hurt
its third-quarter results. 
    
    NESTLE 
    Nine-month sales at the world's biggest food company lagged market
expectations and it cut its forecast for organic growth this year to around 4.5
percent from 5 percent. 
    
    DEUTSCHE BANK 
    Board member Stephan Leithner will leave the bank, two sources familiar with
the matter told Reuters, with one saying he would move to private equity firm
EQT Partners. 
    Separately, Bloomberg reported Raymond James Financial Inc was in talks to
buy the U.S. private-client brokerage arm of Deutsche Bank. 
    
    VOLKSWAGEN 
    The U.S. attorney's office in Detroit and the Justice Department's fraud
section joined a federal probe of Volkswagen AG over emissions-test cheating,
The Wall Street Journal reported, citing people familiar with the matter.
 
     Volkswagen's new CEO Matthias Mueller predicted on Thursday that it can
bounce back from the scandal in two to three years as the carmaker outlined
plans to recall 8.5 million affected vehicles in the European Union.
 
    
    RIO TINTO 
    The miner posted a 17 percent rise in third-quarter iron ore shipments and
said it was on track to meet a full-year target of 340 million tonnes, shrugging
off risks from slower economic growth and peaking steel output in China.
 
    
    REMY COINTREAU 
    French spirits group Remy Cointreau said a decline in organic sales slowed
in the three months to end-September, thanks to slightly improving cognac demand
in China and robust demand for all its brands in the U.S., its top market.
 
    
    AUTOS
    Industry data showed that strong demand for German cars helped lift European
sales in September, contributing to the 25th consecutive month of growth in the
European Union. 
    
    VODAFONE GROUP 
    Vodafone will expand partner market agreement with MTS. Under new,
non-equity partnership, companies will roll out 3G and develop a number of new
services in market using Vodafone brand in Ukraine. 
    
    ELECTROLUX 
    Deliveries of the six biggest categories of white goods in the United States
rose by 6.4 percent year-on-year in September, data from industry body
Association of Home Appliance Manufacturers showed late on Thursday. 
    
    VONOVIA, DEUTSCHE WOHNEN 
    Influential shareholder adviser Institutional Shareholder Services Inc.
Thursday withdrew its support for Deutsche Wohnen's offer for smaller rival LEG
Immobilien AG, recommending investors instead accept a $16 billion
offer from Vonovia, Dow Jones reported, citing an ISS statement.
    
    ASTRAZENECA 
    U.S. health regulators declined to approve AstraZeneca's fixed-dose
combination of the diabetes drugs saxagliptin and dapagliflozin, dealing a blow
to an important plank of the drugmaker's business. 
    
    REPSOL, GAS NATURAL 
    The oil major has asked advisor banks to study a possible merger with Gas
Natural, Expansion newspaper reports without citing sources.
    
    UNICREDIT 
    Italian bank UniCredit said on Thursday that a preliminary review it had
conducted following a criminal probe into alleged mafia links among its
executives had shown no wrongdoing and it reaffirmed its confidence in the
officials. 
    
    TELECOM ITALIA 
    Argentina's telecoms regulator on Thursday nixed the sale of a 68 percent
stake in Telecom Argentina holding company Sofora to investment firm Fintech,
the regulator AFTIC said in a statement. 
    The board of Telecom Italia meets on Friday to discuss possible fibre-optic
investments as part of a plan sponsored by state lender CDP centred around
fibre-optic group Metroweb.
    
    NEXANS 
    French cable maker said third-quarter sales fell to 1.520 billion euros
($1.73 billion) at current metal prices versus 1.574 billion euros ($1.14
billion) euros year ago. 
    
    AIR FRANCE-KLM 
    The company's plans to cut jobs and flights can still be avoided if
negotiations between managers and unions progress, the airline's board said on
Thursday. 
   
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  MARKET SNAPSHOT AT 0515 GMT: 
                                          LAST  PCT CHG      NET CHG
 S&P 500                              2,023.86   1.49 %        29.62
 NIKKEI                               18281.43   1.02 %       184.53
 MSCI ASIA EX-JP                        429.32   0.01 %         0.06
 EUR/USD                                1.1384   0.02 %       0.0002
 USD/JPY                                119.18   0.26 %       0.3100
 10-YR US TSY YLD                        2.014       --        -0.01
 10-YR BUND YLD                          0.566       --         0.01
 SPOT GOLD                           $1,177.10  -0.47 %       -$5.60
 US CRUDE                               $46.81   0.93 %         0.43
  > Asian shares rise to two-month highs, dollar gains on US data 
  > Wall Street jumps to 8-week high on financials, healthcare 
  > Nikkei up on real estate, financials, as stimulus expectations build 
  > Yields rise after U.S. data supports view of earlier Fed rate hike 
  > Dollar gains on U.S. inflation data, ECB easing expectations 
  > Gold hovers below 3-1/2-month high, but eyes weekly gain 
  > London copper hovers near 1-month top as supply dwindles 
  > Oil prices snap week-long fall on U.S. output decline 

 (Reporting by Atul Prakash)