European Factors to Watch-European equity futures rise

  • Reuters
  • Stock Market News
European Factors to Watch-European equity futures rise
Credit: © Reuters.

(Adds futures prices, more company news items)

LONDON, May 19 (Reuters) - European equity futures advanced on Tuesday, driven by gains overnight in U.S. stocks although lingering uncertainty over Greece's debt situation could cap the market's progress.

Futures for the euro zone's blue-chip Euro STOXX 50 index STXEc1 , Germany's DAX futures FDXc1 and France's CAC futures FCEc1 all rose between 0.4-0.6 percent.

Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month, the country's finance minister said on Monday, as worries persist over a possible bankruptcy. ID:nL5N0Y92CN

Greece's labour minister on Tuesday said Athens would soon conclude a deal with its foreign creditors that could unlock further loans to the country amid a liquidity squeeze.

Asked on Greek TV by when Athens would reach the cash-for-reform deal, Labour Minister Panos Skourletis said: "De facto, in the coming days." ID:nA8N0XR00L

Concerns over Greece have weighed on the euro currency EUR= , although European stocks themselves have proven relatively resilient to the Greek situation so far, partly because the weakness of the euro this year has benefited European exporters.

> GLOBAL MARKETS-Asian shares shrug off losses, Greek woes pressure euro MKTS/GLOB

> US STOCKS-Dow, S&P close at record highs as rate-hike angst abates .N

> Nikkei rises to 3-week high on Wall St, higher shareholder returns .T

> TREASURIES-U.S. bond prices skid on profit-taking, stocks' rally US/N

> FOREX-Dollar supported by higher yield, Greek anxiety weighs on euro FRX/

> PRECIOUS-Gold eases from 3-mth high on profit-taking, dollar gains GOL/

> METALS-Copper slips as dollar regains ground, China PMI eyed MET/L

> Brent crude oil extends losses; U.S. prices up on summer demand O/R

COMPANY NEWS:

ALCATEL LUCENT ALUA.PA :

Telecoms equipment company Alcatel-Lucent said it had signed a collobration agreement with Korea's KT 030200.KS .

CREDIT SUISSE CSGN.VX :

Credit Suisse said on Tuesday it is issuing new shares representing 1.9 percent of its currently issued share capital as a result of the Swiss bank's 2014 scrip dividend. ID:nFWN0Y906C

DELTA LLOYD DLL.AS :

Dutch insurer Delta Lloyd posted an increase in its gross written premiums. ID:nFWN0Y906F

DEUTSCHE BANK DBKGn.DE :

Deutsche Bank is reviewing whether to move parts of its large British operations to Germany if Britain leaves the European Union, the Financial Times reported. ID:nL3N0Y95TE

DEUTSCHE TELEKOM DTEGn.DE /AXEL SPRINGER SPRGn.DE :

Talks between the telecoms operator and Axel Springer on a sale of the internet portal T-Online are stalling over diverging views on price, Frankfurter Allgemeine Zeitung reported on Monday, without citing sources.

JULIUS BAER BAER.VX :

Swiss private bank Julius Baer said on Tuesday its assets under management fell 1 percent to 289 billion Swiss francs ($311.93 billion) in the first four months of the year. ID:nFWN0Y903X

KERING PRTP.PA :

The founder of Alibaba (NYSE: BABA ) Group Holdings Ltd Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters to sell goods was "regrettable". ID:nL3N0YA23G

LATECOERE LAEP.PA :

The aerospace parts supplier said first-quarter revenue rose 12.4 percent to 181.7 million euros.

MERCK KGAA MRCG.DE :

Merck (NSE: MERK ) KGaA said 2015 adjusted core earnings would rise to 3.45-3.55 billion euros ($3.9-4.0 billion) in 2015, helped by a strong U.S. dollar boosting the value of overseas sales and the recent takeover of high-tech chemicals maker AZ Electronic Materials. ID:nFWN0Y9062

RIO TINTO RIO.L :

Mongolia and Rio Tinto have reached an agreement paving the way for work to resume on a delayed $5 billion underground copper mine that is expected to underpin the growth prospects of both the country and the global miner. ID:nL3N0Y95MT

SANOFI SASY.PA :

Sanofi and partner Regeneron REGN.O released "additional positive results" from an interim analysis of a mid-stage Phase IIb study of dupilumab in adult patients with moderate-to-severe asthma. ID:nHUG91yvlW

SONOVA SOON.VX :

Sonova, the world's largest maker of hearing aids, reported higher sales and earnings and increased its dividend. ID:nL5N0YA0BX

TOMTOM TOM2.AS :

Navigation and mapping products company TomTom said it had extended an agreement with Apple AAPL.O .

VODAFONE VOD.L :

Britain's Vodafone posted a rise in its quarterly sales measurement for the first time in nearly three years on Tuesday, helped by improving trends in its key European markets and demand for 4G mobile services. ID:nASM000A31

ZUMTOBEL ZUMV.VI :

Austrian lighting group Zumtobel reported a 40 percent jump in annual core profit as it shed or downsized plants, merged sales operations and bundled its purchasing. ID:nFWN0Y9047

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