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Europe Factors-Shares set to dip; U.S. jobless claims eyed

 (Adds futures, company news; updates snapshot table)
 PARIS, Sept 9 (Reuters) - European stocks were set to fall on Thursday,
trimming the previous session's sharp gains as investors looked to book some
profits ahead of U.S. weekly jobless claims that will shed light on the health
of the U.S. economy.
 Heavyweight mining shares will feel the pinch of sharply lower base metal
prices, falling on talk of Chinese crackdown on illegal funds.
 Chinese commodity futures fell in a widespread sell-off that several market
participants said was linked to an investigation into the rubber market.
[ID:nTOE68803K]
 By 0616 GMT, futures for the STOXX Europe 50 STXEc1, for Germany's DAX
FDXc1 and for France's CAC FCEc1 were down 0.3-0.5 percent.
 The FTSEurofirst 300 .FTEU3 index of top European shares gained 1 percent
on Wednesday, closing at a four-month high as Portugal's successful debt auction
reassured investors.
 The index has gained 7 percent since hitting a low in Aug. 25, propelled
higher by a batch of reassuring U.S. macroeconomic data.
 The Euro STOXX 50 .STOXX50E rose 0.9 percent to close at 2,752.89 on
Wednesday, breaking through resistance at 2,737, a level which represents the 50
percent retracement of a drop from an April peak to a May low.
 "The volatility of the current distribution phase on the daily chart is
keeping prices from organising into a trend despite a strong bullish push from
the Aug. 31 low," Raghee Horner, chief market analyst at Autochartist, wrote in
a note.
 "Near-term, selling pressure is now building between 2,771 and 2,759,
preventing a move higher towards previous resistance at 2,788 and 2,849," she
wrote.
 
 ----------------------MARKET SNAPSHOT AT 0615 GMT----------------------  
                                      LAST        PCT CHG        NET CHG 
 S&P 500                  .SPX  1,098.87         0.64 %           7.03 
 NIKKEI                  .N225  9,098.39         0.82 %          73.79 
 MSCI ASIA EX-JP .MIASJ0000PUS    498.69         0.45 %           2.23 
 EUR/USD                  EUR=    1.2693        -0.24 %        -0.0030 
 USD/JPY                  JPY=     83.63        -0.26 %        -0.2200 
 10-YR US TSY YLD    US10YT=RR     2.639             --          -0.01 
 10-YR BUND YLD      EU10YT=RR     2.306             --           0.01 
 SPOT GOLD                XAU= $1,256.35         0.15 %          $1.85 
 US CRUDE                 CLc1    $74.78         0.15 %           0.12 
 -----------------------------------------------------------------------  
 
 * Asia stocks rise, yen steady but outlook hazy             [ID:nSGE68802U]
 * Wall Street climbs in low-volume session                  [ID:nN08134951]
 * Nikkei rises on Europe relief but gains seen capped       [ID:nTOE688034]
 * Treasuries-Bonds slip but U.S. debt auction cushions fall [ID:nN08133347]
 * Dlr/yen slips towards 15-yr low, Aussie jumps             [ID:nTOE688025]
 * Gold off lows on bargain hunting; hovers below $1,260     [ID:nSGE68804T]
 * Base metals slip on China fund crackdown talk             [ID:nSGE688036]
 * Oil pares gains on China commods market probe talk        [ID:nSGE68805R]
 
 COMPANY NEWS:
 
 AXA AXAF.PA
 Australia's competition regulator has blocked National Australia Bank's
NAB.AX $12 billion bid for AXA Asia Pacific AXA.AX for a second time,
dealing a blow to NAB's efforts to cement its dominance in the world's
fourth-largest wealth management market. 
 The ruling sent AXA Asia Pacific's shares tumbling by a tenth to levels not
seen since it was put in play late last year, as investors bet Australia's top
lender would give up its nine-month quest for control of AXA Asia Pacific, a
unit of France's AXA.
 
 ENEL ENEI.MI
 Enel said its Green Power unit had a pro forma net profit of 453 million
euros in 2009 versus the consolidated figure of 418 million euros.
[ID:nWEA7345]
 
 UNICREDIT CRDI.MI
 The bank has mandated its chairman to look into the possible governance
impact of Libyan shareholders raising their stakes, after the issue triggered
concern among some politicians. [ID:nLDE687292]
 
 EADS EAD.PA
 Chief Executive Louis Gallois said EADS is in talks with a few companies in
defense, services and security areas for potential deals and could comfortably
make an acquisition of around one billion euros.
 
 E.ON EONGn.DE
 E.ON is on track to reach its target of a generation capacity from renewable
energy sources of 10,000 megawatts by 2015, German paper Frankfurter Allgemeine
Zeitung reported, citing the head of E.ON's renewable energy unit, Frank
Mastiaux.
 
 DANA PETROLEUM DNX.L
 Korean National Oil Corp [KOILC.UL] plans to issue its response on Thursday
after the UK oil explorer rejected its unsolicited offer, a source close to the
deal said. [ID:nTOE68804I]
 
 BP BP.L
 "We were not about apportioning fault or blame," BP's top safety official
told reporters as the company released its internal investigation into the
world's worst offshore oil spill. But lawyers involved in oil spill lawsuits say
the 193-page report into the deadly April 20 explosion of the Deepwater Horizon
rig in the Gulf of Mexico sets the stage for court battles between BP and its
top contractors. [ID:nN08142248]
 Separately, the oil major will not sell its Azeri assets, including a 25
percent stake in the giant Shakh Deniz gas field, and may even look to increase
its stakes in Azeri projects, BP's Azeri president said. [ID:nLDE68725L]
 
 SWEDBANK SWEDa.ST
 The Swedish bank's review of shareholders shows activist fund Cevian Capital
is among the top four owners, meaning it is entitled to a seat on the bank's
nomination committee, Swedbank told business daily Dagens Industri. Cevian said
late last month it controlled 4.64 percent of Swedbank, the Nordic bank hardest
hit by the downturn in the Baltic region in recent years.
 
 GLAXOSMITHKLINE GSK.L
 The European Medicines Agency said it was asking GlaxoSmithKline additional
questions about its diabetes drug Avandia before giving a final verdict later
this month on whether it should stay on the market. For details, see:
[][ID:nLDE68724I]
 
 LLOYDS BANKING GROUP LLOY.L
 Lloyds Banking Group is to sell its stake in bank-owned housbuilder Crest
Nicholson for 150 million pounds ($232 million), the Financial Times said.
[ID:nLDE68800U]
 
 (Reporting by Blaise Robinson)

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