May 4, 2016 / 5:31 AM / 2 years ago

European Factors to Watch-Shares seen opening lower

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report)

LONDON, May 4 (Reuters) - European stocks were seen opening lower on Wednesday, with concerns over weak global economic growth weighing on markets.

Futures on Britain’s FTSE were marked down 0.2 percent. Spreadbetters at IG expected Germany’s DAX to fall by 6 points, or 0.1 percent lower, while France’s CAC was seen down by 8 points, or 0.2 percent lower.

The pan-European FTSEurofirst 300 index fell 1.7 percent on Tuesday, marking a three-week low for the index.


Anheuser-Busch InBev, the world’s top brewer set to buy number two SABMiller, reported lower than expected earnings in the first three months after what it said was one of the most challenging quarters in Brazil in years.


Air France-KLM posted a stronger-than-expected recovery in the first quarter due in part to low oil prices, but warned of geopolitical risks and airline overcapacity while reaffirming its targets for the year.


Deutsche Telekom said on Wednesday its first-quarter core profit rose on the back of its ongoing success in the United States, which offset investments in its European networks.


Fraport, the operator of Frankfurt airport, said retail spending by passengers came under pressure in the first quarter as it reported lower than expected first quarter profit.


Finnish tyre maker Nokian Tyres reported on Wednesday its first-quarter operating profit increased by 5 percent, roughly in line with expectations, as low raw material costs compensated weaker demand in Russia and North America.


Swiss agrichemicals group Syngenta on Wednesday named J. Erik Fyrwald, chief executive of U.S. chemistry distribution company Univar Inc , as CEO from June 1. He succeeds John Ramsay, who has been ad interim CEO since November 2015.

——————————————————————————————————————— > GLOBAL MARKETS-Bonds eclipse stocks as deflation darkens the air > US STOCKS-Wall St loses ground on growth fears, oil slide > TREASURIES-Yields fall to nearly 2-week lows on slow growth fears > FOREX-Yen slips from 18-month high vs dollar, pauses after rally > PRECIOUS-Gold edges further away from 15-mth peak as dollar firms > METALS-Copper slips as tepid global factory growth blunts demand hopes > Oil stable after two-day decline on stall in global growth

ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.

If you have any thoughts, suggestions or feedback on this, please email

Mike Dolan, Markets Editor EMEA.

Reporting by Sudip Kar-Gupta

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