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European Factors to Watch-Shares seen solid during open, BNP in focus


(Adds futures prices, merchant comment)

LONDON, Jul 1 (Reuters) – European bonds were seen solid during a open on
Tuesday, with shares in BNP Paribas in concentration after a French bank
agreed to compensate a excellent of around $9 billion in a U.S. sanctions case.

The euro zone’s blue-chip Euro STOXX 50 futures agreement was flat
by 0615 GMT. Germany’s DAX futures agreement was also prosaic while France’s
CAC futures agreement also rose 0.2 percent.

The pan-European FTSEurofirst 300 index edged down by 0.1 percent
to 1,370.60 points on Monday, nonetheless a index still available a fourth
straight entertain of gains and many analysts pronounced a market’s longer-term
outlook remained positive, due to a awaiting of mercantile impulse measures
from a European Central Bank.

“I consider people will still buy a marketplace on a dip,” pronounced Darren
Courtney-Cook, conduct of trade during Central Markets Investment Management.

Late on Monday, BNP Paribas pleaded guilty to dual rapist charges and
agreed to compensate roughly $9 billion to solve allegations it disregarded U.S.
sanctions laws and enabled a activities of terrorists and tellurian rights abusers
in Sudan and elsewhere.

In an rare move, regulators also criminialized BNP for a year from
conducting certain U.S. dollar transactions, a vicious partial of a bank’s
international business.

Analysts during Nomura wrote in a investigate note that they approaching “some
recovery in performance” now that BNP Paribas had staid a conditions with
U.S. authorities.

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

Asset opening in 2014: (link.reuters.com/rav46v)
——————————————————————————

GLOBAL MARKETS-ASIAN SHARES STAY NEAR HIGHS, DOLLAR SOFT
US STOCKS-SP 500, NASDAQ SCORE 6TH STRAIGHT QUARTER OF GAIN
NIKKEI GAINS AFTER SHRUGGING OFF BOJ TANKAN; CHINA PMI LIFTS MOOD
TREASURIES-U.S. BOND PRICES RISE, SET FOR GAINS IN FIRST HALF OF YEAR
FOREX-DOLLAR STARTS NEW QUARTER ON THE BACKFOOT
PRECIOUS-GOLD HITS 3-MONTH HIGH ON SOFTER DOLLAR, IRAQ VIOLENCE
METALS-LME COPPER HITS NEAR 4-MONTH PEAK ON TIGHT SUPPLY
BRENT HOLDS ABOVE $112 AS CHINA DATA DRAWS FOCUS BACK TO DEMAND

COMPANY NEWS:

BNP PARIBAS :

French bank BNP Paribas on Monday pleaded guilty to dual rapist charges and
agreed to compensate roughly $9 billion to solve allegations it disregarded U.S.
sanctions laws and enabled a activities of terrorists and humans rights
abusers in Sudan and elsewhere.

BMW :

Germany’s BMW AG will betray this week skeleton to build a new bureau in
Mexico, a supervision central said, as a association seeks to accommodate flourishing demand
for reward cars.

BILFINGER :

German engineering and services association Bilfinger SE slashed a 2014
outlook on Monday, blaming fallout from Germany’s transition to renewable energy
for a woes.

CLUB MED :

Club Mediterranee’s tip shareholder, Andrea Bonomi, on Monday outbid French
private equity organisation Ardian and Chinese firm Fosun International
with an offer for a review operator, valuing it during 790 million euros
($1.1 billion).

CHRYSLER :

Chrysler will sell a rebadged Mitsubishi Motors Corp compress sedan
in Mexico, in a five-year understanding that will assistance a Japanese automaker maintain
production levels during a hard-hit Thailand prolongation base.

U.S. reserve regulators on Monday also announced an enlargement of a previous
recall to embody some-more indication years of Fiat Chrysler vehicles that have ignition
switches that can be inadvertently close off.

FRESENIUS /RHOEN KLINIKUM :

Germany’s Fresenius pronounced it has sole a 5 percent interest in Rhoen-Klinikum
that it acquired in 2012 as partial of a takeover bid for a German
hospitals chain.

L’OREAL :

Cosmetics builder L’Oreal USA has concluded to settle U.S. complaints that its
advertisements for skin caring products Lancome Genifique and L’Oreal Paris Youth
Code were deceptive, a Federal Trade Commission pronounced on Monday.

(Reporting by Sudip Kar-Gupta; Editing by Emelia Sithole-Matarise)

Article source: http://www.reuters.com/article/2014/07/01/markets-europe-factors-idUSL6N0PC0ZO20140701

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