European Factors -- Shares set to extend losing streak

(Adds details, company news; futures; updates snapshot)

PARIS, Jan 12 (Reuters) - European equities were set to fall on Monday,
retreating for the fourth consecutive session, on mounting economic worries in
the wake of bleak U.S. jobs data that triggered a sell-off on Wall Street.

At 0721 GMT, futures for the DJ Euro Stoxx STXEc1, for Germany's DAX
FDXc1 and for France's CAC FCEc1 were down 0.8-1.0 percent, while financial
spreadbetters expect Britain's FTSE 100 .FTSE to open 23 to 35 points lower.

The grim data on Friday showed more than half a million Americans lost their
jobs in December, making 2008 the worst year for employment since World War Two,
raising investor fears about the outlook for profits, spending and a deepening
recession.

U.S. stocks dropped on Friday, with the Dow Jones industrial average .DJI
losing 1.6 percent, the S&P 500 Index .SPX dropping 2.1 percent and the Nasdaq
Composite Index .IXIC sinking 2.81 percent, after the dismal jobs figures on
Friday.

The focus will turn to corporate results on Monday as U.S. aluminium
heavyweight Alcoa (AA.N) kicks off the earnings season, eagerly awaited by
investors who will seek details on the extent of the damage from the recession.

Last week, Alcoa said it would slash more than 15,000 jobs, halve capital
spending and sell four businesses as it reduces aluminum production in the face
of the global economic downturn.

"Equity markets are set to start the week in reverse once again as pessimism
over the forthcoming U.S. earning season weighs heavily on investor confidence,"
Jimmy Yates, dealer at CMC Markets, wrote in a note.

The FTSEurofirst 300 .FTEU3 index of top European shares, which tumbled 45
percent in 2008, is up 4.2 percent so far this year and has gained 16 percent
since reaching a floor on Nov 21.

Japanese markets were closed for a holiday on Monday.

----------------------MARKET SNAPSHOT AT 0719 GMT----------------------

LAST PCT CHG NET CHG

S&P 500 .SPX 890.35 -2.13 % -19.38

MSCI ASIA EX-JP .MIASJ0000PUS 278.82 -2.67 % -7.66

EUR/USD EUR= 1.3426 -0.35 % -0.0047

USD/JPY JPY= 90.14 -0.01 % -0.0100

10-YR US TSY YLD US10YT=RR 2.422 -- 0.02

10-YR BUND YLD EU10YT=RR 3.026 -- 0.01

SPOT GOLD XAU= $850.10 -0.41 % -$3.50

US CRUDE CLc1 $39.99 -2.06 % -0.84

-----------------------------------------------------------------------

* Wall St falls on job woe, Citi, Chevron, techs [ID:nN09310246]

* Asia stocks dip with no signs to end of slowdown [ID:nSP412677]

* Euro drops, yen gains on mounting global gloom [ID:nHKG190796]

* Oil falls over $1 to below $40 on demand worries [ID:nSYU005815]

* TREASURIES-Edge up in Asia as economic gloom hits [ID:nHKG105596]

* Gold tracks oil lower, ECB meeting eyed [ID:nSP383940]

* Copper limit up, LME rally continues [ID:nSP164343]

COMPANY NEWS:

UBS (UBSN.VX)

Swiss Sunday newspaper Sonntag reported that UBS expects a fine of some 2
billion Swiss francs ($1.80 billion) related to a U.S. tax investigation.

Another Sunday newspaper, Sonntagszeitung, reported the bank probably made a
loss of some 8 billion francs in the final quarter of 2008.

For related news, click on [UBSN.VX-LEN-RTRS]

RIO TINTO (RIO.L)

Global miner Rio Tinto has indefinitely postponed the $2.15 billion
expansion of its iron ore mine in Corumba, Brazil, as world steel production
drops in the face of global economic growth stalling.

For details, see:[ID:nSYU005813]

ROYAL BANK OF SCOTLAND (RBS.L)

A consortium consisting of Patrick Snowball, the former head of Aviva's
(AV.L) UK operations, BC Partners and Apollo Management is understood to be
considering launching a bid for Royal Bank of Scotland's (RBS.L) insurance
assets, with a decision expected to be made within the next couple of months,
the Financial Times said on Monday.

ROCHE (ROG.VX)

Genentech Inc DNA.N shares rose 2 percent on Friday after a published
report said Swiss drugmaker Roche Holding AG was preparing to sweeten its offer
to buy the portion of the U.S. biotechnology giant it does not already own.

For related news, click on [ROG.VX-LEN-RTRS]

COMMERZBANK (CBKG.DE)

Commerzbank plans to repay a capital injection by the German state as soon
as possible but expects Berlin to keep its 25-percent stake in the country's
second biggest bank for some years, its chief executive said in a interview with
Welt am Sonntag. For details, see: [ID:nLA588848]

SWATCH (UHR.VX)

Swatch Group, the world's largest watchmaker, sees sales picking up in the
second half of 2009 after dipping in the first half, its chairman said in an
interview for the weekend edition of Swiss paper Finanz und Wirtschaft.

For related news, click on [UHR.VX]

HBOS HBOS.L

The bank has been informally approached by private equity groups about
buying its housing subsidiaries, Keepmoat and Apollo, according to a report in
The Independent on Sunday. For details, see:[ID:nLB726537]

EADS (EAD.PA)

Airbus parent EADS, seeking to bolster a troubled European military project,
called on Friday for a renegotiated contract with NATO nations and indicated the
A400M airlifter would not be ready before 2012. For details, see:[ID:nL9151666]

SWISSCOM (SCMN.VX)

Swisscom AG expects lower revenues in its home market in 2009 due to further
price cuts, the company's chief executive said in an interview with Sunday
newspaper Sonntag.

VOLKSWAGEN (VOWG.DE)

Volkswagen said it met its forecast for group sales growth in 2008 with a
0.6 percent increase in deliveries to a record of 6.23 million vehicles. The
automaker's CEO Martin Winterkorn also said the company could not exclude
lowering its production hours to help cope with markedly lowered demand.

For details, see:[ID:nLB653849]

DAIMLER (DAIGn.DE)

Daimler Chief Executive Dieter Zetsche said at the North American
International Auto Show in Detroit on Sunday that the market decline in the
fourth quarter was worse than expected.

For details, see:[ID:nN10328132]

PREMIER FOODS (PFD.L)

Britain's biggest food manufacturer is pushing lenders to sanction a
ground-breaking rights issue in return for relaxing banking covenants on its 1.8
billion pound debts, The Times said on Monday.
(Reporting by Blaise Robinson)