European Factors to Watch-Equity futures fall, BASF cuts guidance

martes 27 de octubre de 2015 03:25 GYT
 

(Adds futures prices, company news items)

LONDON Oct 27 (Reuters) - European equity futures fell on Tuesday, with some weak-looking updates from leading companies potentially putting pressure on the market, while many investors were also focusing on a two-day U.S. Federal Reserve meeting starting later in the day.

BASF, the world's largest chemicals group by sales, lowered its full-year earnings guidance due to weak sales in China, Brazil and other emerging markets, and its shares fell in pre-market trading.

Novartis' also reported a fall in third-quarter core net income, missing analyst forecasts as the cancer portfolio acquired from GlaxoSmithKline and the Swiss company's newer products failed to offset continuing weakness at its eye-care business Alcon.

Futures on the euro zone's Euro STOXX 50 and on Britain's FTSE 100 fell 0.2 percent. Germany's DAX futures fell 0.3 percent while France's CAC futures dipped 0.1 percent.

The pan-European FTSEurofirst 300 index closed down 0.4 percent while the euro zone's blue-chip Euro STOXX 50 index fell 0.3 percent on Monday.

The U.S. central bank is widely expected to leave rates unchanged but investors are increasingly sceptical that it will raise rates before the end of the year. The Fed holds one more policy meet this year in December. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asia shares run out of puff, commodities pressured

> US STOCKS-Dow, S&P 500 end down slightly as Apple, energy weigh > Nikkei edges down in choppy trade before key central bank events > TREASURIES-U.S. bond prices gain as softer stocks revive bids > FOREX-Dollar droops as equities come under pressure before Fed meeting > PRECIOUS-Gold treads water near $1,160, Fed meeting in focus > METALS-London copper slips as traders eye central bank meetings > Oil prices extend losses as glut worries persist

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