LIVE MARKETS-UK headlines: Glencore, Rolls-Royce results and M&A
* European shares seen down slightly
* Asia, U.S. stocks drop
* Fed leaves interest rates unchanged
May 3 (Reuters) - Welcome to the home for real-time coverage of European equity markets
brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on
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UK HEADLINES: GLENCORE (Frankfurt: 8GC.F - news) , ROLLS-ROYCE AND M&A (0626 GMT)
Results from companies including Rolls-Royce, Glencore, and Smith & Nephew (Frankfurt: 502816 - news) will drive the UK
market today.
There's also more inbound M&A with France's Fonciere des Regions (LSE: 0J6V.L - news) buying a portfolio of UK
hotels from Starwood Capital for $1.1 billion.
Here are some of the headlines to watch:
Rolls-Royce sticks to profit forecast, working on engine repair solution
Fonciere des Regions buys UK hotels portfolio from Starwood worth $1.1 bln
Glencore expects trading profit at upper end of forecast range
Smith & Nephew downgrades outlook after weak Q1
(Helen Reid)
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EUROPEAN STOCK FUTURES DIP AS EURO REBOUNDS (0616 GMT)
Top European stock index futures have opened slightly lower, trading between flat and a fall
of 0.3 percent, as the dollar fell back and weakened against the euro after the Federal Reserve
delivered no hawkish surprises in yesterday's statement where it left interest rates unchanged.
"Initial market reaction saw the US dollar slip back sharply, on the basis that markets had
expected a much more hawkish tilt given recent inflation readings," said Michael Hewson, Chief (Taiwan OTC: 3345.TWO - news)
Market Analyst at CMC Markets UK.
"This was always likely to be optimistic, given the previous reluctance to pre-commit. There
was nothing in yesterday’s statement to undermine the prospect that rates won’t rise next month,
as Fed officials remained non-committal as to whether we could get 3 or 4 rate rises this year,"
he added.
Here's your snapshot:
(Danilo Masoni)
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EARLY MORNING HEADLINE ROUNDUP: EARNINGS DOMINATE (0556 GMT)
Bayer (IOB: 0P6S.IL - news) cuts full-year guidance on strong euro
Fresenius Q1 net income slips 2 pct on strong euro
Solvay Q1 results hit by currency impact, fixed costs
Infineon (Xetra: 623100 - news) nudges up revenue guidance as earnings improve
Siemens Healthineers posts 4 pct Q2 sales rise
Fingerprint Cards (LSE: 0RGY.L - news) sees "some" market stabilization ahead as Q1 lags
Geberit (IOB: 0QQ2.IL - news) sees higher raw materials prices in Q2
Utility Veolia's Q1 revenues rise 3.7 pct, boosted by new services
Novartis (IOB: 0QLR.IL - news) biosimilar cancer drug hits U.S. regulatory bump
Vonovia (Milan: VNA.MI - news) to make $1 bln offer for Sweden's Victoria Park (LSE: 0QIC.L - news)
Ceva Logistics prices IPO at 27.50 Swiss francs per share
UBS (LSE: 0QNR.L - news) seeks regulatory nod for 51 pct controlling stake in China JV
Sprint's outgoing CEO says scepticism over T-Mobile merger is expected
Poorest U.S. consumers seen hit hard by T-Mobile, Sprint merger
Fresenius (Swiss: FRE-EUR.SW - news) alleges 'blatant fraud' at U.S. drugmaker Akorn
Societe Generale (Swiss: 519928.SW - news) ready to pay up to $1 bln to end U.S. probes- Bloomberg
Chairman of En+ says actively working on reducing Deripaska stake
French utility EDF (Paris: FR0010242511 - news) says received 24-hour strike notice
L'Oreal snaps up South Korean cosmetics firm Nanda
Germany confident Eurofighter supplier issue can be resolved soon
(Danilo Masoni)
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MORNING CALL: EUROPEAN SHARES SEEN LOWER (0527 GMT)
European shares are seen opening slightly lower this morning in another busy day for
earnings releases and following losses in Asia and Wall Street overnight.
Financial spreadbetters expect London's FTSE to open 21 points lower at 7,522, Frankfurt's
DAX to open 36 points lower at 12,767 and Paris' CAC to open 24 points lower at 5,505.
While in Asia shares were weighed down by waning hopes for real progress in Sino (Dusseldorf: 1205802.DU - news) -U.S. trade
talks, U.S. stocks fell after the Federal Reserve left interest rates steady and said inflation
had "moved close" to its target.
(Danilo Masoni)
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