BIZ: Glance-European Factors -- Shares set to fall back
LONDON, Oct 9 (Reuters) - European shares were set to fall back on Friday after a 1.3 percent rise in the previous session which was led by miners as gold hit another record and other metals rose. Financial spreadbetters expected Britain's FTSE 100 to open down as much as 17 points, or 0.3 percent, Germany's DAX (Xetra: news) to open as much as 20 points lower, or 0.4 percent, and France's CAC to open as much as 20 points lower, or 0.5 percent. On Thursday, the FTSEurofirst 300 index of leading European shares rose 1.3 percent to 1,001.19 points, its highest close since Sept. 29. The European benchmark index is up more than 55 percent from its lifetime low of March 9, as investors have become more confident on the prospects of recovery. Japan's benchmark Nikkei 225 (news) was up 1.7 percent on Friday. ----------------------MARKET SNAPSHOT AT 0540 GMT---------------------- LAST PCT CHG NET CHG S&P 500 1,065.48 0.75 % 7.9 NIKKEI 9,991.18 1.61 % 158.71 MSCI ASIA EX-JP 463.87 0.71 % 3.25 EUR/USD 1.4723 -0.46 % -0.0068 USD/JPY 89.24 1.01 % 0.8900 10-YR US TSY YLD 3.268 -- 0.02 10-YR BUND YLD 3.145 -- 0.03 SPOT GOLD $1,048.20 -0.55 % -$5.80 US CRUDE $71.14 -0.77 % -0.57 ----------------------------------------------------------------------- * US STOCKS-Wall St gains, boosted by Alcoa * TREASURIES-Bonds fall on poorly received 30-year bond sale * GLOBAL MARKETS-Asia shares hit 14-mth high * Japan's Nikkei gains 0.6 pct as resource stocks gain * Oil falls toward $71 as dollar firms on Fed comment * PRECIOUS-Gold falls from record, dips below $1,050 * Dollar gets a reprieve after Bernanke remarks * METALS-Shanghai metals up after break, LME eases COMPANY ITEMS GIVAUDAN Swiss flavours and fragrances maker Givaudan (Virt-X: GIVN.VX - news) 's sales fell 4 percent to 3.0 billion Swiss francs ($2.9 billion) in the first nine months of 2009, hit by the weak U.S. dollar and in line with forecasts. TELEFONICA (Madrid: BTEF.MC - news) The Spanish telecoms giant said 2101 EPS will fall to 2.1 euros from 2.3 euros in 2009. WOOD GROUP The oil services company is due to make a trading statement. UBS The situation at UBS (Virt-X: UBSN.VX - news) , which was rescued by the Swiss government last October, has improved compared with a year ago, but the bank giant is not yet out of the woods, according to a top Swiss regulator. UBS, which suffered asset outflows in the second quarter, hired former Merrill Lynch (NYSE: MER - news) 's brokerage head Robert McCann to lead its wealth management business in the Americas, CNBC said on Thursday. For related news, click on DAIMLER (Xetra: 710000 - news) The luxury automaker faces quality problems for its new flagship diesel engines for the C and E class models, German daily Handelsblatt reports citing an unnamed spokesman. Defect injection nozzles from car parts maker Delphi (DPHIQ.PK - news) led to a recall of 25,000 cars in Germany, the newspaper adds. Related news DEUTSCHE LUFTHANSA (Xetra: 823212 - news) Germany's largest airline releases its September traffic figures Related news INFINEON Japanese PC memory maker Elpida Memory Inc said on Friday its venture with Taiwan's Powerchip Semiconductor Corp turned profitable in July-September on rising prices of DRAM. Related news OPEL A German-brokered deal to rescue Opel will not collapse due to a lack of support from other European countries hosting the carmaker's plants, Chancellor Angela Merkel's spokesman was quoted as saying on Thursday. The assurances came as German media reported that Spain had told Berlin it could not provide any money for the deal, which foresees a takeover of the former General Motors (NYSE: GM - news) unit by Canadian automotive firm Magna. Related news ROCHE (Virt-X: ROG.VX - news) has challenged a biotech patent held by Roche's Genentech (NYSE: DNA - news) unit in a bid to give a clear run to its experimental cancer and arthritis drug Arzerra. For related news, click on (Reporting by Brian Gorman) Keywords: MARKETS EUROPE FACTORS