European Factors to Watch-Shares seen extending losses

  • Reuters
  • Stock Market News
European Factors to Watch-Shares seen extending losses
Credit: © Reuters.

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LONDON, Dec 4 (Reuters) - European shares were expected to open lower on Friday, extending their losses from the previous session when the European Central Bank's (ECB) stimulus package disappointed some investors.

Futures for the Euro STOXX 50 .STXEc1 , Germany's DAX FDXc1 , France's CAC FCEc1 and Britain's FTSE FFIc1 were down 0.4 to 0.7 percent by 0731 GMT.

"We are left with a market that is now of the belief that we are unlikely to see further easing," Chris Weston, chief market strategist at IG, said in a note.

The pan-European FTSEurofirst 300 index .FTEU3 slumped 3.3 percent, its biggest fall since late August, on Thursday after the ECB's policy update fell well short of high expectations.

While the central bank announced to extend its asset purchase programme, it did not increase its size, and bets that there might be further easing were dashed. ID:nL8N13S1HC

COMPANY NEWS

VOLKSWAGEN VOWG_p.DE

The carmaker has told banks supplying a 20 billion-euro credit line that it would sell assets if it finds no other way of repaying the one-year loan, two people familiar with the matter said. urn:newsml:reuters.com:*:nL8N13S4CS

Luxury division Audi has appointed a new chairman and a new development chief at a meeting of its supervisory board as it struggles to recover from an emissions scandal. urn:newsml:reuters.com:*:nL8N13S5I6

RENAULT RENA.PA

French carmaker Renault will return to Formula One as a full constructor next year after agreeing key contracts to acquire the Lotus team, the company said. urn:newsml:reuters.com:*:nL8N13S5GM

Renault-Nissan Chief Executive Carlos Ghosn said talks to resolve a standoff with the French government over voting rights were ongoing, but he hoped to resolve the matter by a board meeting on Dec. 11.

ROYAL DUTCH SHELL RDSa.L

The company is seeking to secure a $7 billion credit facility in north America as back-up for its $70 billion acquisition of BG Group BG.L , sources said on Thursday. ID:nL8N13S2TR

UBS UBSG.VX

UBS is buying back senior and subordinated debt worth roughly 16 billion Swiss francs ($16.13 billion) in a tender offer due to end on Dec. 15, the Swiss bank said on Friday. ID:nL8N13T0D1

AXA AXAF.PA

French insurer AXA has set a range for its solvency ratio under the European industry's new capital rules of 170-230 percent of the minimum requirement, which it said would allow it to pay higher dividends, invest in business growth and maintain its current investment risk appetite. urn:newsml:reuters.com:*:nL8N13S4PR

ELEKTA EKTAb.ST

The Swedish medical technology group posted second-quarter core earnings above market expectations on Friday and said it expected sales growth to continue to be modest for its current fiscal year. ID:nL8N13T0EO

CREDIT SUISSE CSGN.VX

Credit Suisse has raised 4.7 billion Swiss francs via its newly completed rights offering, the Swiss bank said on Thursday, placing nearly all of 261 million shares offered with existing investors and bringing its capital raising programme to a close. ID:nFWN13S03G

THYSSENKRUPP TKAG.DE

The industrial group aims to boost profitability of its steel business by improving its IT infrastructure and relations with suppliers and customers, division head Andreas Goss said in an interview with Westdeutsche Allgemeine Zeitung.

RWE RWEG.DE

RWE could triple investments in wind and solar power in a big expansion of its renewables business, its CEO told Reuters, days after the company announced it would break itself up to cope with a crisis in conventional energy generation. ID:nL8N13S3X0

SABMILLER SAB.L

An Australian beer company owned by SABMiller said on Friday it has recalled more than a million bottles of beer after broken glass was found in the product, a setback at the start of traditionally busy holiday season sales. ID:nL3N13S637

BMW BMWG.DE

Switzerland's Federal Administrative Court has upheld a 156 million Swiss franc ($157 million) fine against the German luxury carmaker that anti-trust authorities levied in 2012, the court said on Friday. urn:newsml:reuters.com:*:nFWN13S03S

LLOYDS BANKING GROUP LLOY.L

UKFI extended Lloyds Banking Group's trading plan. ID:nFWN13S041

BAE SYSTEMS BAES.L

Aerospace and defence group BAE Systems announced a bond issue totalling $1.5 billion. ID:nFWN13S03Z

EASYJET EZJ.L

Low-cost airline easyJet reported a rise in November passenger numbers. ID:nFWN13S06N

BERKELEY BKGH.L

Builder Berkeley said it was on course to meet its profit target. ID:nASM0000HK

SIKA AG SIK.VX

Saint-Gobain's SGOB.PA attempted takeover of the Swiss company, launched a year ago, would destroy value at Sika and thus hurt Saint-Gobain, the Swiss company's chairman told its French rival's shareholders in an open letter published Thursday. ID:nFWN13S03A

BSI

Brazil's BTG Pactual BPAC3.SA is said to plan the sale of Swiss private bank BSI, acquired just three months ago - Bloomberg (http://bloom.bg/1HJjbY0)

CAIXABANK CABK.MC

Spanish lender Caixabank said on Thursday it was selling stakes in Bank of East Asia 0023.HK and Mexico's Inbursa GFINBURO.MX to its holding company Criteria in a 2.65 billion euro ($2.90 billion) deal to free up capital. ID:nL8N13S5H5

CARREFOUR CARR.PA

Trading activity at the retailer was "good" last month with the Paris attacks only briefly weighing on the sales in its French hypermarkets, and the end of the year is "as it should be", Chief Executive Georges Plassat said. urn:newsml:reuters.com:*:nL8N13S4ED

VIVENDI VIV.PA

The media group's plan to appoint board members to represent it within Telecom Italia TLIT.MI does not aim to interfere with the current board and the firm has no plans to merge the two groups, the company said. VIV.PA

EIFFAGE FOUG.PA

The French construction and concessions company has appointed Benoit de Ruffray to become its new chief executive, two sources close to the matter said. urn:newsml:reuters.com:*:nL8N13S5DT

ORANGE ORAN.PA

Britain's Vodafone VOD.L and Orange will pay up to 330 million euros between them for the rights to screen Spanish soccer matches in bars, restaurants and other public spaces. ID:nE8N11T049

TECHNIP TECF.PA

The oil services company said it won a contract worth 50-100 million euros from Unipetrol to supply four cracking furnaces for their ethylene plant in Zaluzi, Czech Republic. urn:newsml:reuters.com:*:nFWN13S03O

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