(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 24 (Reuters) - European stocks were seen opening lower on Tuesday, tracking losses on Asian and U.S. markets as investors worried about the possibility of a U.S. interest rate increase in coming weeks.
Financial spreadbetters at IG expected Britain’s FTSE 100 to open down 20 points, or 0.3 percent lower. Germany’s DAX was seen down by 24 points, or 0.2 percent lower, while France’s CAC was seen down by 17 points or 0.4 percent lower.
A string of comments in recent weeks by U.S. Federal Reserve officials and minutes of the last Fed meeting have put a U.S. possible rate hike firmly on the table for June or July, impacting global equity markets.
Revenue at the world’s 12 largest investment banks fell 25 percent in the first quarter from a year ago as economic uncertainty and investor caution led to the slowest start since the financial crisis, a survey showed on Tuesday.
Unilever NV, Henkel & Co KgaA AG, L’Oréal SA and other companies have submitted first-round bids in the auction for OGX shampoo maker Vogue International LLC, people familiar with the matter said on Monday.
Household equipment manufacturer SEB said it had agreed to buy WMF, a German maker of coffee machines and silverware, from KKR in a deal worth 1.59 billion euros including debt.
Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil’s 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement.
UniCredit is set to formally start the search for a new chief executive on Tuesday in a move expected to lead to a broader shake-up of the Italian bank and possibly a multi-billion euro capital increase, several sources said. ——————————————————————————————————————— > GLOBAL MARKETS-Asian stocks near 10-week lows; dollar bounces on Fed rate view > US STOCKS-Wall Street dips; Apple gain fails to offset rate worries > Nikkei slides on yen worries as investors brace for U.S. data > TREASURIES-Short-dated U.S. yields tick higher on rate-hike bets > FOREX-Risk aversion shores up yen, commodity currencies sag on declining oil > METALS-Copper sits near three-month lows as dollar holds strong > Oil prices fall as dollar gains, but possible stock drawdown supports
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.
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Mike Dolan, Markets Editor EMEA. (Reporting by Sudip Kar-Gupta)