European Factors-Futures point to fall at open; eyes on payrolls

(adds futures, updates snapshot table)

FRANKFURT, Dec 5 (Reuters) - European stocks are set to open sharply lower
on Friday, tracking weakness in the U.S. markets on disappointing profit
outlooks from large companies and as low oil prices sent the energy sector
tumbling.

At 0728 GMT, futures for the DJ Euro Stoxx STXEc1 and Germany's DAX
FDXc1 fell 1.7 percent, while futures for the French CAC-40 FCEc1 traded 1
percent lower.

Financial spreadbetters saw Britain's FTSE 100 .FTSE opening between 54
and 65 points lower.

European shares closed lower on Thursday, as record rate cuts by the
European Central Bank, the Bank of England and Sweden's Riksbank failed to
offset a slew of grim economic and company news, flagging risks of a deep
recession.

U.S. shares ended lower overnight, with the major stock indexes dropping
between 2.5 and 3.1 percent.

"A late collapse on Wall Street ... is likely to set the pace for trade as
Friday's session gets underway with profit taking after recent gains and worry
over the rising number of layoffs spooking investors," CMC Markets wrote in a
note.

U.S. non-farm payrolls data for November is due at 1330 GMT. Economists in a
Reuters survey forecast 340,000 jobs were lost in the month compared with a loss
of 240,000 jobs in October.

Other data due includes German industrial orders for October, expected to
rise by 0.4 percent versus an 8 percent fall in the previous month.

Oil prices are steady around $44, at their lowest in almost four years,
which is likely to put pressure on energy stocks. All eyes are turned to the
psychologically important $40 level, as a widening economic slowdown gnaws into
oil demand.

----------------------MARKET SNAPSHOT AT 0726 GMT----------------------

LAST PCT CHG NET CHG
S&P 500 .SPX 845.22 -2.93 % -25.52
NIKKEI .N225 7,917.51 -0.08 % -6.73
MSCI ASIA EX-JP .MIASJ0000PUS 255.92 1.11 % 2.82
EUR/USD EUR= 1.2788 0.01 % 0.0001
USD/JPY JPY= 92.31 0.05 % 0.0500
10-YR US TSY YLD US10YT=RR 2.580 -- 0.03
10-YR BUND YLD EU10YT=RR 3.033 -- -0.06
SPOT GOLD XAU= $769.60 0.51 % $3.90
US CRUDE CLc1 $44.05 0.87 % 0.38
----------------------------------------------------------------------------

* US STOCKS-Market falls on energy sector, weak outlooks [ID:nN04414592]

* Nikkei slips, investors eye US jobs data and Big 3 [ID:nT348883]

* Asian shares gain after cenbanks slash rates [ID:nL5063343]

* EURO GOVT-Bunds open higher as mkt eyes US jobs data [ID:nL5411050]

* Oil steadies below $44, at lowest in almost 4 yrs [ID:nSP396483]

* Dlr up vs euro on short cover, eyes on U.S. jobs data [ID:nT329204]

* METALS-Shanghai zinc, copper, aluminium limit down [ID:nSP367138]

INFINEON (IFXGn.DE), QIMONDA QI.N

Saxony state premier Stanislaw Tillich is quoted by business daily
Handelsblatt as saying he will not be blackmailed into providing state aid to
troubled chipmakers. "As important as jobs are in Silicon Saxony, we will not
let Infineon put us under pressure," he says.

EADS (EAD.PA)

Airbus needs a capital increase of more than 2 billion euros that would be
accompanied by a simplification of the company structure, the Les Echos
newspaper said. There was no immediate comment from parent company EADS.
[ID:nL5387696]

REPSOL YPF (REP.MC)

Russia's LUKOIL's LKOH.MO talks with creditor banks over financing a
potential bid for a stake in the Spanish oil company have stalled, Spanish press
reported, without naming sources.

Separately, Spanish daily ABC reported, citing unnamed sources close to the
deal, that LUKOIL wants the backing of the Spanish government before it makes an
offer for 20 percent of Repsol.

TELECOM ITALIA SPA (TLIT.MI)

The board of Telecom Italia's controlling shareholder Telco will meet on
Friday to get its investors to commit to raising 300 million euros if the
telecom company's stock falls sharply, financial sources said on Thursday.
[ID:nL4660459]

SANOFI-AVENTIS (SASY.PA)

Sanofi-Aventis plans to cut its U.S. sales force by up to 10 percent as it
prunes costs in the face of price pressure, a spokesman said. [ID:nL4573136]

AKZO NOBEL (AKZO.AS)

Akzo Nobel says it has successfully launched a 1 billion euro bond issue
with a maturity of five years. [ID:nWEA8126]

ADP (ADP.PA)

Airport operator Aeroports de Paris seeks an average 6.9 percent increase
for 2009 in the fees it charges airlines, French business daily La Tribune
reported, citing unnamed sources.

INTERCONTINENTAL HOTELS (IHG.L)

InterContinental Hotels, the world's largest hotelier, said the global hotel
market had not worsened in November from the shock downturn seen in October and
its U.S. mid-scale hotels are performing "relatively better". [ID:nL4576708]

DEUTSCHE BOERSE (DB1Gn.DE)

The Frankfurt stock exchange operator is set to nominate on Monday former
DaimlerChrysler finance chief Manfred Gentz to be its supervisory board
chairman, business daily Handelsblatt reported, citing Munich-based financial
sources. Deutsche Boerse declined to comment on the report.

E.ON (EONGn.DE)

CEO Wulf Bernotat told German daily Sueddeutsche Zeitung paper that he
expects to start the sale of its power network early next year and he could
envision combining it with Swedish utility Vattenfall's [VATN.UL] grid.

MAN AG (MANG.DE)

Costa Rica has awarded German MAN a $360 million contract to build a 200
megawatt oil-fired power plant, a spokesman for the state-run electricity
utility said on Thursday. [ID:nN04423779]

FRESNILLO (FRES.L)

MAG Silver Corp (MAG.TO) (MVG.A) scoffed on Thursday at Fresnillo's hostile
takeover attempt, calling it a "take-under" bid because it came in below MAG's
stock price from the day before. [ID:nN04407539]

(Reporting by Sarah Marsh)