January 30, 2018 / 6:37 AM / a month ago

LIVE MARKETS-SAP announces $2.4 bln acquisition, Altice to further cut share capital

    Jan 30 (Reuters) - Welcome to the home for real time coverage of European equity markets
brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on
Messenger to share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net
 
 
 
    SAP ANNOUNCES $2.4 BLN ACQUISITION, ALTICE TO FURTHER CUT SHARE CAPITAL (0636 GMT)
    With tech a notable focus yesterday, and ahead of the U.S. giants reporting later this week,
all eyes will be on results from European firms in the sector to see how they stack up.
    Germany's SAP, Europe's top tech company, just announced a $2.4 billion
acquisition of U.S. cloud software company Callidus Software Inc - a sweetener on 2017
results which came in at the lower end of market expectations.
    The firm's guidance was in line with analysts' expectations - but we'll have to see what
they make of this purchase. 
    At the intersection of health and tech, Dutch firm Philips reported Q4 sales growth
in line with expectations. 
    Elsewhere in stocks to watch today there's telecoms and cable group Altice which
is reducing its share capital to help improve returns while it restructures.
    And it's a sad day for Volkswagen whose position as world's top-selling carmaker
was just nabbed by the Renault-Nissan alliance.
    (Helen Reid)
    *****
    
    MORNING CALL: TAKING CUE FROM WALL ST AND ASIA, EUROPEAN STOCKS TO FALTER (0618 GMT)
    Good morning and welcome to Live Markets. 
    Spreadbetters are calling European stocks markedly lower after a weaker U.S. session spread
a somewhat more bearish mood to Asian trading as well.
    A slide in Apple shares was the catalyst for a broad-based pull-back on Wall Street. The
tech stock fell 1.6 percent on a Nikkei report Apple will halve its iPhone X production target,
causing the Dow and the S&P 500 to suffer their biggest one-day declines in around 5 months.
    Asian stocks then retreated from their record highs, while the dollar found some support as
U.S. bond yields rose.
    Spreadbetters call the FTSE down 30 points at 7,641.1 points, the DAX 51 points lower at
13,273.2 points and the CAC 40 down 16 points at 5,505.4.
    (Helen Reid)
    *****

    
 (Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)
  
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