Europe Factors to Watch-Shares set to extend winning streak

  • Reuters
  • Stock Market News
Europe Factors to Watch-Shares set to extend winning streak
Credit: © Reuters.

PARIS, Jan 21 (Reuters) - European stocks were set to rise on Wednesday, gaining ground for the fifth straight session, fuelled by expectations the European Central Bank is about to launch a quantitative easing programme to boost the region's economy.

At 0730 GMT, futures for Euro STOXX 50 STXEc1 , for Germany's DAX FDXc1 and for France's CAC FCEc1 were up 0.1-0.2 percent.

European tech shares will be in the spotlight after U.S. bellwether International Business Machines Corp IBM.N posted a new 2015 profit target and quarterly revenue that both missed analysts' estimates. ID:nL1N0UZ2KR

Resource-related shares will also be in focus after North Sea oil and gas field operator Talisman Sinopec Energy UK said it would cut 300 jobs due to falling production and rising operating costs in the wake of plunging oil prices, becoming the latest company to axe jobs after oil majors BP BP.L and ConocoPhillips COP.N cut more than 500 jobs in the North Sea. ID:nL6N0UZ4OF

Total's TOTF.PA chief executive said the oil major plans to reduce capital spending by 10 percent this year following a sharp drop in crude prices. ID:nL6N0UZ4SP

Miner BHP Billiton BLT.L said it would cut its spending on shale drilling over the next six months as it looks to meet its promise not to reduce dividends in the face of a collapse in iron ore, copper and oil prices. ID:nL4N0UZ6J2

The FTSEurofirst 300 .FTEU3 has surged 5 percent in the past four sessions, hitting its highest level in seven years and outperforming Wall Street, as investors bought European shares on mounting expectations the European Central Bank will unveil a programme to print money and buy bonds when it meets on Thursday to try and revive the euro zone economy and inflation.

Europe bourses in 2014: (http://link.reuters.com/pad95v)

Asset performance in 2014: (http://link.reuters.com/rav46v) ------------------------------------------------------------------------------ MARKET SNAPSHOT AT 0730 GMT:

LAST PCT CHG NET CHG S&P 500

.SPX

2,022.55

0.15 %

3.13 NIKKEI

.N225

17280.48 -0.49 % -85.82 MSCI ASIA EX-JP

.MIAPJ0000PUS

475.26

1.39 %

6.52 EUR/USD

EUR/USD

1.1565

0.14 % 0.0016 USD/JPY

USD/JPY

117.58 -1.02 % -1.2100 10-YR US TSY YLD US10YT=RR

1.788

--

-0.02 10-YR BUND YLD

EU10YT=RR

0.449

--

0.00 SPOT GOLD

XAU/USD

$1,298.91

0.41 %

$5.35 US CRUDE

CLc1

$46.87

0.86 %

0.40

> GLOBAL MARKETS-SHARES UP ON ECB EASING HOPES, BOJ HOLD LIFTS YEN MKTS/GLOB

> WALL ST ENDS FLAT AS HOPE FOR ECB MOVE INCREASES .N

> TOKYO'S NIKKEI SHARE AVERAGE CLOSES DOWN 0.49 PCT .T

> TREASURIES-LONG BONDS GAIN AS INVESTORS GRAB FOR HIGHER YIELDS US/N

> FOREX-YEN REBOUNDS AGAINST DOLLAR AFTER BOJ STANDS PAT ON POLICY FRX/

> GOLD EXTENDS GAINS TO 5-MONTH HIGH AHEAD OF ECB MEETING GOL/

> METALS-LONDON COPPER EDGES UP IN THIN TRADE, ECB MEET EYED MET/L

> BRENT CRUDE INCHES ABOVE $48, BUT OUTLOOK REMAINS WEAK O/R

COMPANY NEWS:

BHP BILLITON BLT.L

The world's largest miner said on Wednesday it would cut its spending on shale drilling over the next six months as it looks to meet its promise not to reduce dividends in the face of a collapse in iron ore, copper and oil prices. ID:nL4N0UZ6J2

TOTAL TOTF.PA

The French oil and gas group plans to reduce capital spending by 10 per cent this year, its new chief executive Patrick Pouyanne told the Financial Times. ID:nL6N0UZ4SP

ENERGY SECTOR

North Sea oil and gas field operator Talisman Sinopec Energy UK said it would cut 300 jobs due to falling production and rising operating costs in the wake of plunging oil prices, becoming the latest company to axe jobs after oil majors BP BP.L and ConocoPhillips COP.N cut more than 500 jobs in the North Sea. ID:nL6N0UZ4OF

SABMILLER SAB.L

International brewer SABMiller SAB.L on Wednesday reported a rise in third-quarter sales despite ongoing weakness in China due to poor weather last year. ID:nFWN0UZ02B

PEARSON PSN.L

The education and media group said it expected to grow its earnings in 2015 after solid growth in its North American higher education business helped it bring an end to a turbulent two-year period of restructuring and profit downgrades. ID:nFWN0UZ04P

DIXONS CARPHONE DC.L

Electricals and mobile phone retailer Dixons Carphone raised its guidance for 2014-15 profit after a strong Christmas, it said on Wednesday. ID:nFWN0UZ02A

FIRSTGROUP FGP.L

The transport firm said it expected to meet its forecasts for the current financial full year after strong third-quarter performances from its rail operations in Britain and its shuttle bus business in the United States. ID:nFWN0UZ04M

ASML NV ASML.AS

The world's second largest maker of semiconductor production equipment posted better-than-expected fourth-quarter results, saying demand from memory chip makers was stronger than expected. ID:nL6N0UY3AP

ALSTOM ALSO.PA

The group, which is selling most of its power equipment business to General Electric GE.N to focus on transport, confirmed its full-year revenue and profit target after posting a 10 percent quarterly sales jump at its remaining rail arm. ID:nHUG1hTfHd

BOUYGUES BOUY.PA

The company said its construction division won a contract worth close to 100 million euros to build a power station in Gibraltar. BOUY.PA

VIVENDI VIV.PA

The French national rugby league said Canal+ has won the exclusive right to broadcast the next four seasons of Top 14 rugby. ID:nL6N0UZ4M2

ACCOR ACCP.PA

Europe's largest hotel group said it estimated its operating profit last year was above target after robust demand in Europe and emerging markets gave a boost to revenue growth in the fourth quarter. ID:nL6N0UZ4EN

UNICREDIT CRDI.MI

Italy's biggest bank is not interested in making acquisitions even after the latest move by the Italian government to reform the country's cooperative banks, the lender's CEO Federico Ghizzoni said on Tuesday. CRDI.MI

ITALIAN BANKS

Italian Prime Minister Matteo Renzi's government on Tuesday defied widespread political opposition by drafting an emergency decree to change shareholder voting rules at the country's popolari or cooperative lenders.

IAG ICAG.MC , AER LINGUS AERL.I

The Irish government will "exercise great caution" in evaluating whether a bid for Aer Lingus by the owner of British Airways and Spain's Iberia is in the country's best interest, its transport minister said on Tuesday.

LONZA LONN.VX

The life sciences company held off giving a quantitative forecast for sales and profit growth this year, as it grapples with an unexpected surge in the Swiss franc after the country's central bank scrapped its cap on the currency. LONN.VX

BARRY CALLEBAUT BARN.S

The world's largest maker of chocolate and cocoa products said the strong Swiss franc could impact its reported figures, after sales rose 15.1 percent in the quarter to November, helped by higher cocoa bean prices. BARN.S

ALLIANZ ALVG.DE

Pimco said on Tuesday it has placed an overweight position on global equities, particularly European and Japanese equities, and is underweight on global government bonds and other securities that reflect interest rate exposure. ALVG.DE

CARMAKERS DAIGn.DE VOWG_p.DE BMWG.DE

Toyota Motor Corp 7203.T took the unusual step of projecting a drop in annual vehicle sales on Wednesday in a move that could see Volkswagen steal the industry crown this year as demand slumps in Japan, Indonesia and other key markets. 7203.T

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