Reuters - US Market News

European Factors to Watch- Shares to edge slightly higher

(Adds futures, quote, updates company news)     LONDON, Aug 5    European stocks were seen opening higher on Wednesday, outperforming the Wall Street that edged lower overnight, as the mounting risks of a hike in U.S. interest rates as early as next month lifted the dollar and bond yields.      The euro zone's Euro STOXX 50 futures contract rose 0.5 percent ahead of the cash market open. Germany's DAX futures and France's CAC futures both gained 0.5 percent, while Britain's FTSE futures  edged 0.2 percent higher.     The latest scare over U.S rates came when Atlanta Federal Reserve President Dennis Lockhart told the Wall Street Journal that it would take "significant deterioration" in the economy for him to not support a hike in September.     "The current environment isn't swaying traders in any clear direction," Jonathan Sudaria, dealer at Capital Spreads, said in a note.     "With the labour market recovery one of the key tenets in the Feds justification for a rate hike, if we get another round of steady gains and the expectation of a rate hike crystallises, don't expect markets to be so noncommittal."              SOCIETE GENERALE      The French bank targeted a slightly bigger cushion of capital and higher cost savings as it reported better-than-expected earnings.        AIRBUS GROUP      ANA Holdings won the backing of creditors to lead a turnaround of bankrupt Japanese discount carrier Skymark Airlines, defeating a rival plan that proposed Delta Air Lines as its sponsor, a participant at the creditor meeting said. Airbus is Skymark's second-biggest creditor.             AIR FRANCE-KLM      Air France has withdrawn proposals to pilots aimed at putting the last touches to its Transform 2015 restructuring scheme, according to a letter seen by Reuters.           SYNGENTA      Monsanto Co and Syngenta are not holding any deal negotiations at this time, let alone discussions about a price for Monsanto's proposed takeover of its Swiss rival, sources familiar with both companies told Reuters on Tuesday. A CNBC report earlier in the day, citing an unnamed source, said that at least one major investor, hedge fund manager John Paulson, believes the two agricultural firms "continue to be in deal talks and aren't far apart on price."            UBS      A UBS AG branch manager in Puerto Rico warned bank officials that brokers for the firm had urged customers to engage in improper loan practices, more than two years before the bank made a $  5.2 million settlement over the matter with the island's financial regulator, according to internal bank correspondence reviewed by Reuters.           BOURBON      The French oil services company said first-half revenue rose 13 percent to 758.8 million euros.           VICAT      The French construction materials supplier said first-half net income declined to 34 million euros from 51 million on little-changed revenue of 1.22 billion.           ALLIANZ      Investors pulled $  2.5 billion in assets from Pacific Investment Management Co's flagship fund in July, down from $  3 billion the previous month, in another sign Pimco is stabilizing since last fall's departure of longtime star manager Bill Gross.           BMW      The automaker's supervisory board will look at possible additions to its range of electric cars in September, Handelsblatt reported on Wednesday, citing unnamed company sources.            FERROVIAL      Spain's Ferrovial FER.MC said its main shareholder had reorganised its stake in the construction and services company to allow members of the controlling del Pino family to hold their shares separately.           TELECOM ITALIA      Russia's Vimpelcom and Hong Kong's Hutchison Whampoa are close to a deal to merge their Italian mobile phone buinesses, sources close to the deal said, likely to end a price war in Europe's fourth-largest telecoms market.            SYNAIRGEN      Synairgen and Pharmaxis  announced research collaboration to develop loxl2 inhibitor for pulmonary fibrosis.           KUKA      Full Q2 results due. The industrial robot maker reported preliminary results on July 29 and raised its 2015 guidance.           NORMA      Q2 results due. Adjusted earnings before interest, tax and amortisation (EBITA) seen up 34 percent at 40.8 million euros. Poll:          GRAMMER      Full Q2 results due. The company published preliminary results on July 30 and warned its operating profit would drop by around 15 mln eur this year due to weakness in Brazil and China.           FUCHS PETROLUB      The company acquired Statoil Fuel & Retail Lubricants from Couche-Tard for 73 million euros.           NOVARTIS      The U.S. Food and Drug Administration said it will update the label of Novartis's multiple sclerosis drug, Gilenya, after cases of serious brain infections were linked with its use.         BARRY CALLEBAUT      German retailer Metro has proposed that Juergen Steinemann, outgoing chief executive of Swiss chocolate maker Barry Callebaut, should take over as chairman from Franz Markus Haniel next year. [ID:nL5N10F3FZ>                 MAJOR EUROPEAN COMPANIES REPORTING:       CRDI.MI       UniCredit SpA                      Earnings Releases  1SLN01AE.BV   Slovnaft as                        Earnings Releases  RAAG.DE       Rational AG                        Earnings Releases  YSNG.DE       secunet Security Networks AG       Earnings Releases  VOES.VI       voestalpine AG                     Earnings Releases  CARRA.MI      Carraro SpA                        Earnings Releases  ZILGn.DE      ElringKlinger AG                   Earnings Releases  GPBN.PA       Bourbon SA                         Sales/Trading Stmt Releases  KU2G.DE       Kuka AG                            Earnings Releases  MTKr.AT       Metal Constructions of Greece SA   Earnings Releases  3JR.BB        Sopharma AD Sofia                  Sales/Trading Stmt Releases  MYTr.AT       Mytilineos Holdings SA             Earnings Releases  ROBRD.BX      BRD Groupe Societe Generale SA     Earnings Releases  MOLB.BU       MOL Plc                            Earnings Releases  NLMK.MM       Novolipetsk Steel OAO              Earnings Releases  MOEX.MM       Moskovskaya Birzha OAO             Earnings Releases  FXPO.L        Ferrexpo PLC                       Earnings Releases  INXN.N        Interxion Holding NV               Earnings Releases  NOEJ.DE       Norma Group SE                     Earnings Releases  WIX.OQ        Wix.Com Ltd                        Earnings Releases  SNOW.AS       SnowWorld NV                       Sales/Trading Stmt Releases  LBK.MC        Liberbank SA                       Earnings Releases  NVA.L         Novae Group PLC                    Earnings Releases  SPX.L         Spirax-Sarco Engineering PLC       Earnings Releases  UTG.L         Unite Group PLC                    Earnings Releases  BBA.L         BBA Aviation PLC                   Earnings Releases  SIA.L         SOCO International PLC             Earnings Releases  IPO.L         IP Group PLC                       Earnings Releases  SODA.OQ       Sodastream International Ltd       Earnings Releases  CSTE.OQ       Caesarstone Sdot-Yam Ltd           Earnings Releases  SOGN.PA       Societe Generale                   Earnings Releases  BKOM.PR       Komercni Banka as                  Earnings Releases  ING.AS        ING Groep NV                       Earnings Releases  LAT1V.HE      Lassila & Tikanoja Oyj             Earnings Releases  NN.AS         NN Group NV                        Earnings Releases  AGES.BR       AGEAS SA                           Earnings Releases  HNRGn.DE      Hannover Rueck SE                  Earnings Releases  LUPE.ST       Lundin Petroleum AB                Earnings Releases                Unibet Group PLC                   Earnings Releases  LGEN.L        Legal & General Group PLC          Earnings Releases  HUDN.AS       Hunter Douglas NV                  Earnings Releases  STAN.L        Standard Chartered PLC             Earnings Releases  BEIG.DE       Beiersdorf AG                      Earnings Releases  LSE.L         London Stock Exchange Group PLC    Earnings Releases  CRA1V.HE      Cramo Oyj                          Earnings Releases  NESTE.HE      Neste Oyj                          Earnings Releases  AVOL.N        Avolon Holdings Ltd                Earnings Releases  SECUb.ST      Securitas AB                       Earnings Releases  MTEL.BU       Magyar Telekom Tavkozlesi Nyrt     Earnings Releases  SBMO.AS       SBM Offshore NV                    Earnings Releases  TENR.MI       Tenaris SA                         Earnings Releases  JAZZ.OQ       Jazz Pharmaceuticals PLC           Earnings Releases  NSPR.A        InspireMD Inc                      Earnings Releases  TRNX.OQ       Tornier NV                         Earnings Releases  AVG.N         AVG Technologies NV                Earnings Releases  LXFR.N        Luxfer Holdings PLC                Earnings Releases  CSTM.N        Constellium NV                     Earnings Releases          MAJOR MACROECONOMIC DATA/EVENTS (GMT)       :          0715 CH CPI     0745 IT MARKIT PMI     0750 FR MARKIT PMI     0755 DE MARKIT PMI     0800 EZ MARKIT PMI     0800 IT INDUSTRIAL INPUT     0830 GB MARKIT PMI     0900 EZ RETAIL SALES         ------------------------------------------------------------------------------   MARKET SNAPSHOT AT 0508 GMT:                                               LAST  PCT CHG  NET CHG     S&P 500                            2,093.32  -0.22 %    -4.72     NIKKEI                             20669.31   0.73 %   148.95     MSCI ASIA EX-JP   <.MIAPJ0000PUS     447.71  -0.36 %    -1.63                       >                                              EUR/USD                               1.087  -0.09 %  -0.0010     USD/JPY                              124.37  -0.01 %  -0.0100     10-YR US TSY YLD                      2.243       --     0.03     10-YR BUND YLD                        0.647       --     0.01     SPOT GOLD                         $  1,086.60  -0.04 %   -$  0.40     US CRUDE                             $  46.05   0.68 %     0.31                                                                             > Dollar, bond yields rise on Fed rate risk                   > Wall Street moves lower on Apple, interest rate worries           > Nikkei edges up on some positive earnings, Toyota falls           > Prices fall on Fed's Lockhart comments, profit-taking           > Dollar gains after Fed official supports Sept rate hike           > Gold struggles near multi-year low as Fed comments buoy dollar       > London copper sags on stronger dollar, weak China outlook       > Brent rises above $  50 ahead of U.S. oil stocks data                (Reporting by Liisa Tuhkanen)


Reuters: Market News

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