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FUTURES OPEN HIGHER AFTER BREXIT DEAL SEALED (0711 GMT)
Futures have opened higher across European benchmarks this morning, rising 0.6 to 0.7
percent the day after the "best possible" Brexit deal was agreed by EU leaders and Prime
Minister Theresa May.
But the UK Parliament's vote on the deal looms around the corner.
"Markets will shift their focus away from the EU deal to the “meaningful vote” due by mid
immense and there will be a rising volume of forecasts that it will be lost, with the fears
rising of a no deal."
HEADLINES TO WATCH: ITALY BUDGET, KUEHNE & NAGEL, LOGITECH (0656 GMT)
news. Brexit will certainly dominate newsflow in the UK after the EU agreed a deal on Sunday,
and Italian developments could also drive the market.
Italy could consider "fine tuning" its deficit goal to avoid market turbulence, a junior
minister told Il Messaggero in an interview this morning, signaling a possible negotiation
between Rome and Brussels to avoid a disciplinary procedure against Italy.
Italy's government is set to meet on Monday evening to discuss a potential reduction of its
deficit goal, a government source said.
M&A chatter is likely to move stocks as well. Swiss logistics group Kuehne & Nagel told a
Swiss newspaper it wouldn't shy away from large acquisitions, and is ready to talk with smaller
rival Panalpina. But the takeover target said it's keen to remain independent.
Logitech also ended talks to acquire U.S. maker of Bluetooth earpieces and gaming headsets
Takeover target Panalpina keen to remain independent
Logitech ends negotiations to acquire Plantronics
INSIGHT-In China's hinterland, car market growth engine sputters
Mitsubishi Motors' board meets to remove Chairman Ghosn
Japan's Daikin to buy Austria's AHT Cooling for about $885 mln
Aston Martin to more than double production by 2025 - CEO
UK's Drax starts pilot of Europe’s first bioenergy carbon capture project
EUROPE TO RISE IN STEP WITH ASIA, BUT OIL SLIDE AND BREXIT WEIGH (0623 GMT)
European stocks are set for a slightly stronger open, having enjoyed a modest recovery on
Friday as well. Sagging oil prices could weigh on the market, though, and tension is building
ahead of a parliamentary vote on the Brexit deal which the EU agreed to on Sunday after 18
months of gruelling talks.
Asian stocks and U.S. equity futures posted modest gains on Monday on hopes of solid U.S.
holiday sales, though plunging oil prices fanned worries about a dimming outlook for the global
European Union leaders finally sealed a Brexit deal on Sunday, saying the package agreed
with Prime Minister Theresa May was the best Britain will get in a warning to the British
parliament not to reject it.
DAX is expected to open 58 points higher at 11,250, and the CAC 40 is expected to open 21 points
higher at 4,967.
(Reporting by Helen Reid, Julien Ponthus, Danilo Masoni)