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LONDON, March 2 (Reuters) - European stocks were seen opening higher on Wednesday, tracking gains on Asian and U.S. markets.
Financial spreadbetters expected Britain’s FTSE 100 to open up by 42-50 points, or 0.7-0.8 percent higher. Germany’s DAX was seen up by 75-94 points, or 0.8-1 percent higher, while France’s CAC was seen up by 36-44 points, or 0.8-1 percent higher.
The pan-European FTSEurofirst 300 index rose 1.5 percent to reach a one-month high on Tuesday, although the index is still down by around 8 percent since the start of 2016.
Fiat Chrysler Automobiles (FCA) is not in tie-up talks with anyone at present, and a potential partner would need to have the same multi-brand strategy as FCA for a merger to work, Chief Executive Sergio Marchionne said on Tuesday.
Renault-Nissan is studying whether to acquire a stake in digital mapping business HERE, the former Nokia unit now owned by German luxury carmakers.
Schroders Plc, Britain’s biggest listed fund manager, is set to announce Chief Executive Michael Dobson will step down, the Financial Times reported on Tuesday.
French media group Vivendi has raised its stake in Telecom Italia to 23.8 percent, further strengthening its position as the top shareholder in the Italian phone group, according to a regulatory filing.
Bugatti unveiled the world’s fastest road car at the Geneva auto show this week: the 2.4 million euro ($2.6 million) Chiron with a 1,500 horsepower engine that can hit 420 kilometres per hour. Also on display is the Lamborghini Centenario, almost modest by comparison with a 770 horsepower engine, a price tag of 1.75 million euros and a top speed of around 350 kilometres per hour.
One thing the supercars have in common is that they are both made by Volkswagen, the German carmaker facing billions of dollars of fines and years of damage limitation after cheating diesel emissions tests in the United States. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asian stocks soar to 2-month highs on solid data > US STOCKS-Wall Street chalks up strongest day in a month > Nikkei climbs to 3-week high on bright US data, exporters shine > TREASURIES-Bond prices slide on strong ISM manufacturing data > FOREX-Dollar close to one-month high after upbeat U.S. data > Gold extends losses on robust U.S. data, higher shares > London copper near 3-mth high as US factory data spurs risk appetite > Oil prices fall on huge build in U.S. crude stocks
Reporting by Sudip Kar-Gupta