LIVE MARKETS-Futures point to stronger open as Germany, UK data awaited
* European stocks futures rise
* Wall St ends higher, China stocks pause
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FUTURES POINT TO STRONGER OPEN AS GERMANY, UK DATA AWAITED (0620 GMT)
Futures have opened higher across the European benchmarks, pointing to a further rebound for
the market.
Societe Generale (Swiss: 519928.SW - news) analysts reckon Germany's ZEW sentiment indicator is set for a
"long-awaited pick-up" for June, while Britain's ONS will deliver the first ever monthly GDP
data.
"We expect it to reveal a strong bounce that would add further weight to our forecast of an
August rate hike," SocGen (Paris: FR0000130809 - news) writes.
On Germany, they say "stock markets have improved and more promising signs are emerging from
the industrial sector, suggesting that fears over the German economic momentum were premature,"
adding however that further tariffs on EU car exports could dent confidence once again.
More headlines to watch:
Nordex (EUREX: 2083267.EX - news) scores biggest ever single contract
Ocado's first-half earnings hurt by investment
UK recruiter Robert Walters (LSE: RWA.L - news) ' profit rises 16 pct on overseas growth
Activist fund Oasis nearly doubles stake in Premier
Sorrell beats WPP (Frankfurt: A1J2BZ - news) in race to win Dutch agency MediaMonks
Tesco (Frankfurt: 852647 - news) names product officer Tarry as new UK boss after Wilson (Oslo: WILS.OL - news) illness
(Helen Reid)
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EARLY MORNING HEADLINE ROUND-UP (0552 GMT)
With Europe's earnings season still not in full gear, M&A dominates the company news agenda
today while China and Germany's commercial accords may help ease investors' trade war fears. The
deals involve German industrial giants including Siemens (BSE: SIEMENS.BO - news) , Volkswagen (IOB: 0P6N.IL - news) and BASF.
With (Other OTC: WWTH - news) raft of deals, China and Germany swear to keep trade free
U.S. appeals court upholds Volkswagen's $10 bln diesel settlement
Fox preparing to top Comcast (Swiss: CMCSA.SW - news) offer for Sky (Amsterdam: BK8.AS - news) - FT
Siemens, Alstom (LSE: 0J2R.L - news) deal faces full-scale EU antitrust probe - sources
Activist Paulson beats drum for Premier Foods (Frankfurt: A1JWNB - news) management change
BlackRock (Sao Paolo: BLAK34.SA - news) expands in Paris with new hires ahead of Brexit, source says
EU clears Deutsche Telekom (IOB: 0MPH.IL - news) to buy Liberty Global (Frankfurt: A1W0FL - news) 's Austrian unit
(Helen Reid)
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MORNING CALL: REBOUND IN EUROPEAN SHARES TO CONTINUE (0536 GMT)
Following in the footsteps of global markets, European shares are set to extend their
rebound today as investors' attention turned to the upcoming U.S. earnings season, helping them
put trade war worries on the back burner.
Asian shares rallied for a third session as hopes for upbeat corporate earnings buoyed Wall
Street, while high-profile resignations from Britain's government kept sterling on the
defensive.
In case you missed it, here was our latest on the resignations and what they mean for
Britain's Brexit plan:
Spreadbetters at London Capital Group call the DAX 59 points higher at 12,602, the CAC 40 up
16 points at 5,419, and the FTSE 100 12 points higher at 7,700.
(Helen Reid)
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(Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)