(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 equity futures fell 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.
Futures on the Euro STOXX 50, Germany’s DAX, France’s CAC and Britain’s FTSE were all down by between 0.4-0.6 percent.
A string of comments in recent weeks by U.S. Federal Reserve officials and minutes of the last Fed meeting have put a possible U.S. rate hike on the table for June or July, impacting global equity markets.
The pan-European FTSEurofirst 300 index closed down 0.5 percent on Monday.
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.
Singapore’s central bank on Tuesday ordered BSI’s operations in the city-state to close down as Switzerland opened criminal proceedings against the private bank based on its investigation into transactions by Malaysia’s troubled state fund, 1MDB.
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.
Kingfisher, Europe’s largest home improvement retailer, said on Tuesday it had made a solid start to its new financial year, with sales growth driven by its markets in Britain and Poland.
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.
British water utility Severn Trent Plc said on Tuesday it expected to save about 670 million pounds ($970 million) in total expenditure between April 2015 and March 2020, as it locked in further efficiencies.
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.
Italian fashion house Versace named the former head of British brand Alexander McQueen as its new chief executive, in an unexpected move ahead of a planned stock market listing against a backdrop of slowing luxury industry growth. ——————————————————————————————————————— > 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)