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Financials

Europe Factors-Shares set to halt rally on bank worries

 (Adds futures, company news; updates snapshot table)
 PARIS, Sept 10 (Reuters) - European stock index futures pointed to a lower
open on Friday, as fresh worries about the health of the banking sector halt the
market's strong two-week rally.
 Sources said on Thursday that Deutsche Bank DBKGn.DE is considering a
capital increase of up to 9 billion euros ($11.43 billion) to bolster its
balance sheet as Basel capital requirements are finalised, sending the bank's
stock traded in New York DB.N down 3.2 percent and weighing on sentiment on
Wall Street. [ID:nN09213248]
 The stock was indicated down more than 5 percent in pre-market trade in
Frankfurt.
 By 0625 GMT, futures for the STOXX Europe 50 STXEc1, for Germany's DAX
FDXc1 and for France's CAC FCEc1 were down 0.4-0.5 percent.
 European stocks surged on Thursday, with the FTSEurofirst 300 .FTEU3 index
ending at its highest level in more than four months after better-than-expected
U.S. weekly jobless claims and monthly trade data lifted sentiment.
 The benchmark index has surged about 8 percent in two weeks. Technical
indicators show the index is getting close to overbought territory, with its
relative strength index (RSI) currently at 66.1, with 70 and above considered
overbought, while its slow stochastic is showing the index in overbought
territory.
 
 ----------------------MARKET SNAPSHOT AT  0623 GMT---------------------- 
                                      LAST        PCT CHG        NET CHG 
 S&P 500                  .SPX  1,104.18         0.48 %           5.31 
 NIKKEI                  .N225  9,239.17         1.55 %         140.78 
 MSCI ASIA EX-JP .MIASJ0000PUS    500.57         0.35 %           1.77 
 EUR/USD                  EUR=    1.2677        -0.13 %        -0.0017 
 USD/JPY                  JPY=     83.91         0.11 %         0.0900 
 10-YR US TSY YLD    US10YT=RR     2.741             --          -0.02 
 10-YR BUND YLD      EU10YT=RR     2.336             --           0.01 
 SPOT GOLD                XAU= $1,246.45        -0.15 %         -$1.82 
 US CRUDE                 CLc1    $74.99         1.00 %           0.74 
 -----------------------------------------------------------------------  
 
 * GLOBAL MARKETS-Asia stocks hit 4-month high, yen slides [ID:nTOE68902E]
 * METALS-Copper lower as investors await China econ data  [ID:nSGE68900Y]
 * Dollar rises as yields support, off 15-yr low vs yen    [ID:nTOE68902J]
 * US STOCKS-Wall St buoyed by upbeat economic data        [ID:nN09218304]
 * Nikkei gains 2 pct helped by futures buying, yen        [ID:nTOE68902Y]
 * U.S. crude jumps on Canada-US pipeline shutdown         [ID:nSGE689037]
 * Gold dips, heads for 1st weekly dip in over a month     [ID:nSGE68901U]
 
 COMPANY NEWS:
 
 DEUTSCHE BANK DBKGn.DE
 The bank is considering a capital increase of up to 9 billion euros ($11.43
billion) to bolster its balance sheet as Basel capital requirements are
finalised, two people familiar with the matter said. [ID:nN09213248]
 
  NOKIA NOK1V.HE
 The world's top cellphone maker said Stephen Elop, the head of Microsoft's
MSFT.O Business Division, was to be its new chief executive. For details, see:
[NOK1V.HE]
 
 AXA AXAF.PA
 Australian wealth manager AMP AMP.AX is likely to wait until rival
National Australia Bank (NAB) NAB.AX is completely out of the running before
making another attempt to take over AXA Asia Pacific AXA.AX, two sources said.
For details, see: [ID:nSGE68903M]
 
 BP BP.L
 The oil major said third quarter results will be released on Nov. 2, one
week later than previously indicated. [ID:nWLA2651]
 
 SELOGER.COM SLGC.PA, AXEL SPRINGER SPRGn.DE
 German publisher Axel Springer intends to launch a 34 euro-per-share public
offer for SeLoger.com in a deal valuing the French internet property company at
566 million euros. For details, see: [SLGC.PA-LEN-RTRS]
 
 UNICREDIT CRDI.MI
 The bank plans to close 230 branches in its domestic market by 2013 as part
of its reorganisation plan, a trade union source said on Thursday.
[ID:nLDE6881QS]
 
 ABB ABBN.VX
 ABB, which posted forecast-beating second-quarter results thanks to booming
emerging market growth, said demand trends remained unchanged into the third
quarter. For related news click on [ABBN.VX]
 
 BAYER BAYGn.DE
 New warnings of a potentially fatal skin disease will be added to labels for
imaging drugs sold by Bayer, Covidien COV.N and GE Healthcare cautioning
against their use by patients with kidney disease, the U.S. Food and Drug
Administration said on Thursday. [ID:nN09188033]
 
 JCDECAUX JCDX.PA
 The world's second-largest outdoor advertising group said it won a new
nine-year contract, including extension options, for the advertising concession
at Washington Reagan National and Washington Dulles International airports.
Financial details were not disclosed. For details, see: [JCDX.PA-LEN-RTRS]
 
 LUFTHANSA LHAG.DE
 The airline's CEO Wolfgang Mayrhuber said the company was focusing right now
on the strategic re-positioning of airlines it had acquired, according to a
pre-release of his interview with Frankfurter Allgemeine Zeitung. He said these
companies -- Brussels Airlines, AUA AND MBI -- are on track  to meet their
operating targets.
 
 (Reporting by Blaise Robinson)

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