European Factors -- Shares set to fall for 4th day

(Adds futures, more company items, quote; updates snapshot table)

LONDON, June 17 (Reuters) - European shares were set for a weaker open on
Wednesday, extending a losing run to four days, after an overnight fall in the
United States, where data gave mixed signals on the prospects for economic
recovery.

At 0635 GMT, DJ Euro Stoxx STXEc1 futures were down 0.6 percent, Germany's
DAX futures FDXc1 were down 0.5 percent and France's CAC-40 futures FCEc1
were down 0.5 percent.
On Tuesday, The FTSEurofirst 300 .FTEU3 index of top European shares fell
0.1 percent to close at 862.41 points.
The European benchmark index is up 33.6 percent from the lifetime low it hit
on March 9. However, some analysts comment that the prospects for recovery are
not enough to justify the rally.

"Although a desire to sustain the rally off the March lows has helped, along
with speculation that the green shoots of economic recovery were being seen, if
we do see a sustained move lower now it could arguably open up the way for
further selling in the near term," said Matt Buckland, dealer at CMC Markets.
Economic data due on Wednesday includes UK unemployment figures, and minutes
of this month's meeting of the Bank of England.

U.S. stocks slipped on Tuesday as mixed economic data and Best Buy's (BBY.N)
disappointing sales spurred worries about a weak recovery. [ID:nN16302759]

----------------------MARKET SNAPSHOT AT 0630 GMT----------------------

LAST PCT CHG NET CHG

S&P 500 .SPX 911.97 -1.27 % -11.75

NIKKEI .N225 9,840.85 0.9 % 87.97

MSCI ASIA EX-JP .MIASJ0000PUS 379.62 -0.93 % -3.55

EUR/USD EUR= 1.3911 0.58 % 0.0080

USD/JPY JPY= 96.72 0.34 % 0.3300

10-YR US TSY YLD US10YT=RR 3.692 -- 0.04

10-YR BUND YLD EU10YT=RR 3.523 -- 0.00

SPOT GOLD XAU= $936.70 0.28 % $2.60

US CRUDE CLc1 $71.17 0.99 % 0.70

-----------------------------------------------------------------------
* US STOCKS-Wall St hit by economic, consumer jitters [ID:nN16302759]

* Nikkei edges up but stalls on economic worries [ID:nT58540]

* TREASURIES-Bonds ride Wall Street selloff higher [ID:nN16590682]

* Euro stutters, market pauses on dollar correction [ID:nT878]

* PRECIOUS-Gold eases towards $930, ETF steady [ID:nT20665]

* Oil edges down towards $70 on bearish inventories [ID:nSP467728]

* GLOBAL MARKETS-Oil slides 4th day [ID:nLH219178]

* METALS-Shanghai copper falls for 5th day [ID:nSP471169]

COMPANY ITEMS

J SAINSBURY (SBRY.L)

British grocer J Sainsbury plans to raise 445 million pounds ($732 million)
by selling shares and convertible bonds to accelerate its expansion. The company
said it planned to grow selling space by 15 percent, or 2.5 million square feet,
by March 2011.

It also said like-for-like sales excluding fuel and VAT sales tax rose 7.8
percent in the 12 weeks to June 13. Analysts had forecast an increase of between
7 and 7.8 percent, with an average of 7.3 percent, in a Reuters poll of six.

INBEV (ABI.BR)

Kohlberg Kravis Roberts & Co (KKR), CVC Capital Partners and TPG [TPG.UL]
are interested in buying part of Anheuser-Busch InBev NV's (ABI.BR) operations
in Central and Eastern Europe in a deal that could be worth more than $2.5
billion, the Wall Street Journal said, citing people familiar with the matter.
[ID:nBNG469191]

PORSCHE (PSHG_p.DE) VOLKSWAGEN (VOWG.DE)

VW chairman Ferdinand Piech has opposed a swift agreement with Qatar at a
meeting of Porsche owner families on Monday that would see the Gulf state taking
a stake in Porsche, Financial Times Deutschland reported, citing no sources.

Volkswagen has mapped out ways for Porsche to overhaul its strained finances
without the Emirate of Qatar taking a voting stake in the luxury sports car
maker and talks on the matter are being held by the two companies, Platow Brief
reported, citing unspecified sources.

Related news [PSHG_p.DE-E] [VOWG.DE-E]

AEROPORTS DE PARIS (ADP.PA)

ADP lowered its EBITDA forecast for 2009, citing a larger-than-expected drop
in traffic due to the economic crisis. The airport operator maintained its
forecast for slight sales growth in 2009, but said in a statement that EBITDA
should come in at the same level as last year. It had previously forecast a
slight rise in EBITDA year-on-year. For details, see: [ID:nLG46217]

BRITISH AMERICAN TOBACCO (BATS.L)

BAT said on Wednesday it bought an 85 percent stake in PT Bentoel
Internasional Investama (RMBA.JK), a leading Indonesian cigarette maker, for
$494 million. [ID:nHKG194070]

ARCANDOR (AROG.DE)

Sal. Oppenheim has not decided yet whether to inject more money into
insolvent retail and tourism group Arcandor or to remain as shareholders,
Frankfurter Allgemeine Zeitung and Handelsblatt reported in separate articles,
both citing sources close to Sal. Oppenheim.

The bank is also considering selling its stake in Arcandor, Handelsblatt
said.

In a separate statement, Arcandor said it cancelled the release of results
for its fiscal first-half through March, initially due on Thursday.

Related news [AROG.DE-E]

BARCLAYS (BARC.L)

Barclays is in regular talks with its Japanese investor Sumitomo Mitsui
Banking Corp (8316.T) over a wealth management alliance in Japan, the head of
the British bank's wealth management division said in an interview in the
Financial Times. [ID:nLG549751]

Also, Barclays' board has recommended shareholders accept a $13.5 billion
cash and shares offer from U.S. fund manager BlackRock (BLK.N) for its Barclays
Global Investors business, the British bank said on Tuesday. [ID:nLG420344]

EADS (EAD.DE)

EADS's (EAD.PA) delayed A400M military airlifter depends on sales outside
Europe for earnings, the aerospace and defence group's Chief Executive Louis
Gallois told a German newspaper. [ID:nLG299214]

Related news [EAD.PA-E]

ADDAX (AXC.L)

Korea National Oil Co (KNOC) and China's Sinopec are competing for the
takeover of Switzerland-based oil and gas explorer Addax Petroleum, sources said
on Wednesday, with bids valuing the company at more than $8 billion, including
debt. [ID:nHKG5831]

INFINEON (IFXGn.DE)

The insolvency administrator for Qimonda (QMNDQ.PK) hopes to salvage parts
of the German chipmaker even though no buyer has emerged for the entire group, a
person briefed on the matter said. [ID:nLG46318]

Related news [IFXGn.DE-E]

DEUTSCHE POST (DPWGn.DE)

The company is cutting 430 jobs in Belgium and 90 more in Germany, both at
its DHL Express unit, Financial Times Deutschland reported, citing no sources.
It cited a company spokesman as saying that in the future, only 600 employees
would work for the unit in Belgium.

Related news [DPWGn.DE-E]

MICHELIN (MICP.PA)

The tyre maker is due to meet trade unions over possible job cuts.

(Reporting by Brian Gorman)