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Glance-Europe Factors-Shares set to track Wall St, Asia gains
Fri, 12th Mar 2010 07:10
LONDON, March 12 (Reuters) - European shares were set to rise on Friday,
reversing the previous session's dip and tracking gains on Wall Street and in
Tokyo, with banking shares in focus after U.S. talks to force broad banking
reform collapsed.
Financial spreadbetters expected Britain's FTSE 100 to open 12 to 16
points higher, Germany's DAX to open 17 to 23 points higher, and
France's CAC-40 to open 10 to 12 points higher.
Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday
after bipartisan Senate talks collapsed, jeopardizing a top Obama administration
priority and boosting bank share prices.
On the macro side, investors awaited U.S. monthly retail sales, as well as
the Reuters/University of Michigan consumer sentiment index for March.
European shares dipped on Thursday after economic data failed to impress and
as a spike in Chinese inflation raised the prospects of interest rate hikes in
the country.
----------------------MARKET SNAPSHOT AT 0643 GMT----------------------
LAST PCT CHG NET CHG
S&P 500 1,150.24 0.4 % 4.63
NIKKEI 10,751.26 0.81 % 86.31
MSCI ASIA EX-JP 480.96 0.04 % 0.19
EUR/USD 1.3698 0.15 % 0.0020
USD/JPY 90.62 0.13 % 0.1200
10-YR US TSY YLD 3.727 -- 0.00
10-YR BUND YLD 3.176 -- -0.01
SPOT GOLD $1,112.05 0.25 % $2.75
US CRUDE $82.17 0.07 % 0.05
-----------------------------------------------------------------------
S&P 500 hits 17-month high as banks lift Wall St
GLOBAL MARKETS-Asia stocks head for 5th week of gains
Nikkei hits 7-week high as yen helps, eyes on BOJ
Yen dips on BOJ speculation, dlr subdued before data
Oil steady above $82, set for 2nd weekly gain
Shanghai copper up, LME eases; China worries
Gold steadies ahead of U.S. data; off 2-week lows
COMPANY NEWS:
ROCHE
Roche announced the topline results of a phase III study, known as CALGB
90401, which did not meet its primary objective of extending overall survival
compared to chemotherapy and prednisone alone. For related news, click on
EADS
The aerospace group is continuing to look for mid-sized acquisitions,
especially in the defence services industry, and will compete aggressively for
new U.S. contracts, EADS North America Chief Executive Sean O'Keefe told Reuters
in an interview on Thursday. For details, see:
K+S
Potash Corp of Saskatchewan sharply raised its first-quarter
forecast on Thursday, citing a sharp rebound in demand for potash -- a key crop
nutrient. The announcement sent its shares 7.5 percent higher in trade after the
evening bell. For details, see:
AXA
Australia's competition watchdog has delayed rulings on the $12 billion
takeover tussle for AXA Asia Pacific by National Australia Bank and AMP Ltd, its website showed on Friday.
NYRSTAR
Australia-listed zinc miner CBH Resources said on Friday that the
Belgian metals group has raised its takeover offer by 44 percent to A$0.195 per
share. For details, see:
FERROVIAL
Debt-laden Spanish infrastructure giant Ferrovial said it has put
10 percent of its 407-ETR motorway in Canada up for sale and will use the
proceeds to invest in new toll road projects and pay down debt.
LINDE
The maker of industrial gases said it would consolidate its U.S. electronics
and specialty gases customer service operations. For details, see:
(Reporting by Blaise Robinson; Editing by Mike Nesbit)
Keywords: MARKETS EUROPE FACTORS
(blaise.robinson@reuters.com ; +33 1 4949 5269, Reuters Messaging: blaise.robinson.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
reversing the previous session's dip and tracking gains on Wall Street and in
Tokyo, with banking shares in focus after U.S. talks to force broad banking
reform collapsed.
Financial spreadbetters expected Britain's FTSE 100 to open 12 to 16
points higher, Germany's DAX to open 17 to 23 points higher, and
France's CAC-40 to open 10 to 12 points higher.
Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday
after bipartisan Senate talks collapsed, jeopardizing a top Obama administration
priority and boosting bank share prices.
On the macro side, investors awaited U.S. monthly retail sales, as well as
the Reuters/University of Michigan consumer sentiment index for March.
European shares dipped on Thursday after economic data failed to impress and
as a spike in Chinese inflation raised the prospects of interest rate hikes in
the country.
----------------------MARKET SNAPSHOT AT 0643 GMT----------------------
LAST PCT CHG NET CHG
S&P 500 1,150.24 0.4 % 4.63
NIKKEI 10,751.26 0.81 % 86.31
MSCI ASIA EX-JP 480.96 0.04 % 0.19
EUR/USD 1.3698 0.15 % 0.0020
USD/JPY 90.62 0.13 % 0.1200
10-YR US TSY YLD 3.727 -- 0.00
10-YR BUND YLD 3.176 -- -0.01
SPOT GOLD $1,112.05 0.25 % $2.75
US CRUDE $82.17 0.07 % 0.05
-----------------------------------------------------------------------
S&P 500 hits 17-month high as banks lift Wall St
GLOBAL MARKETS-Asia stocks head for 5th week of gains
Nikkei hits 7-week high as yen helps, eyes on BOJ
Yen dips on BOJ speculation, dlr subdued before data
Oil steady above $82, set for 2nd weekly gain
Shanghai copper up, LME eases; China worries
Gold steadies ahead of U.S. data; off 2-week lows
COMPANY NEWS:
ROCHE
Roche announced the topline results of a phase III study, known as CALGB
90401, which did not meet its primary objective of extending overall survival
compared to chemotherapy and prednisone alone. For related news, click on
EADS
The aerospace group is continuing to look for mid-sized acquisitions,
especially in the defence services industry, and will compete aggressively for
new U.S. contracts, EADS North America Chief Executive Sean O'Keefe told Reuters
in an interview on Thursday. For details, see:
K+S
Potash Corp of Saskatchewan sharply raised its first-quarter
forecast on Thursday, citing a sharp rebound in demand for potash -- a key crop
nutrient. The announcement sent its shares 7.5 percent higher in trade after the
evening bell. For details, see:
AXA
Australia's competition watchdog has delayed rulings on the $12 billion
takeover tussle for AXA Asia Pacific by National Australia Bank and AMP Ltd, its website showed on Friday.
NYRSTAR
Australia-listed zinc miner CBH Resources said on Friday that the
Belgian metals group has raised its takeover offer by 44 percent to A$0.195 per
share. For details, see:
FERROVIAL
Debt-laden Spanish infrastructure giant Ferrovial said it has put
10 percent of its 407-ETR motorway in Canada up for sale and will use the
proceeds to invest in new toll road projects and pay down debt.
LINDE
The maker of industrial gases said it would consolidate its U.S. electronics
and specialty gases customer service operations. For details, see:
(Reporting by Blaise Robinson; Editing by Mike Nesbit)
Keywords: MARKETS EUROPE FACTORS
(blaise.robinson@reuters.com ; +33 1 4949 5269, Reuters Messaging: blaise.robinson.reuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
