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LONDON, Aug 6 (Reuters) - European equity futures fell on Thursday, with media shares expected to come in the spotlight after an overnight fall in the shares of Disney after Disney cut profit forecasts for its cable networks unit.
The euro zone’s blue chip Euro STOXX 50 futures fell 0.5 percent. Germany’s DAX futures also declined 0.5 percent, France’s CAC futures fell 0.5 percent while Britain’s FTSE 100 futures fell 0.5 percent.
Many investors will also be on the lookout for further signs of possible interest rate rises coming soon in the United States and Britain.
The Bank of England is likely to say on Thursday that its policymakers have split over interest rates, adding to expectations it is heading for its first increase in borrowing costs in nearly a decade.
Some better-than-expected U.S. economic data this week has also backed views that the U.S. will raise rates in September. The prospect of rising rates can often cause stocks to fall, as higher rates boost returns on cash and bonds, and can lead to bigger interest bills for companies listed on the stock market.
European stock markets had risen on Wednesday, buoyed by solid corporate results from the likes of French bank Societe Generale.
Deutsche Telekom and Belgian financial group KBC both reported higher profits on Thursday, although Deutsche Post cut its profit target.
According to data from Thomson Reuters StarMine, 59 percent of companies on the European STOXX 600 index have beaten or met market expectations with results this quarter. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asia shares drop, dollar firm; U.S. data signals Sept hike > US STOCKS-Tech leads Nasdaq, S&P 500; Disney sparks media selloff > Nikkei gains on a weaker yen, earnings forecasts divide fortunes > TREASURIES-Longer-dated yields rise on Fed rate hike skepticism > FOREX-Dollar edges down but close to highs, sterling awaits BOE update > PRECIOUS-Gold stuck near 2010 low as data backs Sept Fed hike view > METALS-London copper up on China data, aluminium recovers from 6-yr low > Oil hovers near multi-month lows, Brent below $50
France’s national basket ball league said businessman Patrick Drahi’s holding company had agreed to pay 50 million euros for five seasons of TV rights to the French championship.
British insurer Aviva on Thursday posted forecast-beating half-year operating profit, boosted by higher premiums in general insurance and the ahead of schedule integration of recent purchase Friends Life.
Deutsche Bank has fired two senior trading executives, the Wall Street Journal reported.
German postal and logistics company Deutsche Post cut its 2015 profit target on Thursday after taking a 100 million euro ($109 million) hit due to a series of strikes over its plans to expand its parcel division using workers on lower pay.
Deutsche Telekom reported a 13.5 percent rise in quarterly core profit helped by its U.S. operations.
Fugro, the Dutch surveying company, on Thursday reported better-than-expected earnings for the first half of 2015, as it cut costs and sold operations in expectation of an extended downturn in the oil industry.
Belgian financial group KBC said on Thursday its net profit doubled in the second quarter compared with the same period last year, as both loans and deposits grew in its core markets.
German steel distributor Kloeckner & Co said it would accelerate its restructuring programme and abandoned its goal of increasing 2015 core profit after a sharp drop in global steel prices wiped more than a third off its second-quarter earnings.
German retailer Metro AG has bought Singapore-based restaurant supplier Classic Fine Foods Group from private equity group EQT for $290 million, it said on Thursday as it reported a slowdown in same-store sales due to a shift in Easter.
Denmark’s Novo Nordisk’s lifted its profit outlook in local currency terms for 2015, after a strong second quarter in which its key diabetes drug Victoza sold more than expected, offsetting price pressure in the United States.
Miner Rio Tinto posted lower first-half earnings.
Zurich Insurance Group will not overpay in any bid for Britain’s RSA it said as it posted an unexpected drop in second-quarter net profit.
RSA on Thursday also posted forecast beating pretax profits of 288 million pounds ($449.83 million).
The French IT services group raised its 2015 operating margin goal to around 6.5 percent from 6 percent, with organic revenue growth seen at around 2 percent.
The construction company said it had won a contract to help build and manage a 1.9 billion Canadian dollar ($1.44 billion) road project in Canada. (Reporting by Sudip Kar-Gupta)