(Adds company news items)
LONDON, May 19 (Reuters) - European stocks were expected to open higher on Tuesday, driven by gains overnight in U.S. equities although lingering uncertainty over Greece’s debt situation could cap the market’s progress.
Financial spreadbetters expected Britain’s FTSE 100 to open up by 12-13 points, or 0.2 percent higher. Germany’s DAX was seen opening up by 59 points, or 0.5 percent higher, while France’s CAC 40 was expected to open up by 18 points, or 0.4 percent higher.
Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month, the country’s finance minister said on Monday, as worries persist over a possible bankruptcy.
Concerns over Greece have weighed on the euro currency, although European stocks themselves have proven relatively resilient to the Greek situation so far, partly because the relative weakness of the euro this year has benefited European exporters. > GLOBAL MARKETS-Asian shares shrug off losses, Greek woes pressure euro > US STOCKS-Dow, S&P close at record highs as rate-hike angst abates > Nikkei rises to 3-week high on Wall St, higher shareholder returns > TREASURIES-U.S. bond prices skid on profit-taking, stocks’ rally > FOREX-Dollar supported by higher yield, Greek anxiety weighs on euro > PRECIOUS-Gold eases from 3-mth high on profit-taking, dollar gains > METALS-Copper slips as dollar regains ground, China PMI eyed > Brent crude oil extends losses; U.S. prices up on summer demand
Telecoms equipment company Alcatel-Lucent said it had signed a collobration agreement with Korea’s KT.
Credit Suisse said on Tuesday it is issuing new shares representing 1.9 percent of its currently issued share capital as a result of the Swiss bank’s 2014 scrip dividend.
Dutch insurer Delta Lloyd posted an increase in its gross written premiums.
Talks between the telecoms operator and Axel Springer on a sale of the internet portal T-Online are stalling over diverging views on price, Frankfurter Allgemeine Zeitung reported on Monday, without citing sources.
Swiss private bank Julius Baer said on Tuesday its assets under management fell 1 percent to 289 billion Swiss francs ($311.93 billion) in the first four months of the year.
The founder of Alibaba Group Holdings Ltd <BABA.N said a lawsuit by a group of luxury goods makers owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters to sell goods was “regrettable”.
The aerospace parts supplier said first-quarter revenue rose 12.4 percent to 181.7 million euros.
Merck KGaA said 2015 adjusted core earnings would rise to 3.45-3.55 billion euros ($3.9-4.0 billion) in 2015, helped by a strong U.S. dollar boosting the value of overseas sales and the recent takeover of high-tech chemicals maker AZ Electronic Materials.
Sanofi and partner Regeneron released “additional positive results” from an interim analysis of a mid-stage Phase IIb study of dupilumab in adult patients with moderate-to-severe asthma.
Sonova, the world’s largest maker of hearing aids, reported higher sales and earnings and increased its dividend.
Navigation and mapping products company TomTom said it had extended an agreement with Apple.
Austrian lighting group Zumtobel reported a 40 percent jump in annual core profit as it shed or downsized plants, merged sales operations and bundled its purchasing. (Reporting by Sudip Kar-Gupta)