European Factors-Shares seen opening higher on China data

 (Adds company news, futures; updates snapshot table)
 LONDON, Nov 1 (Reuters) - European shares are set to rise on Monday,
mirroring gains in Asian equities, on surprisingly strong manufacturing data
from China, although investors are seen cautious ahead of the U.S. Federal
Reserve's policy meeting this week.
 Futures for the STOXX Europe 50 STXEc1, for Germany's DAX FDXc1 and for
France's CAC FCEc1 rose 0.7 to 0.9 percent. Financial spreadbetters earlier
expected Britain's FTSE 100 .FTSE to open as much as 0.6 percent higher.
 "Despite Friday's uninspiring finish on Wall Street, Asian markets have
found some support off the back of upbeat Chinese manufacturing data ... This is
paving the way for a notably stronger start in Europe," said Ben Potter,
research analyst at IG Markets.
 "But there are a number of factors emerging out of Washington in the coming
days that have the potential to unsettle sentiment -- The Fed's QE2 package is
tipped to be edging closer, Friday's nonfarm payrolls could well disappoint and
there's the potentially disruptive outcome of U.S. mid-term election results to
contend with as well."
 Sentiment improved after figures showed that China's factories ramped up
their production last month and were buoyed by an influx of new business,
highlighting the strength of the world's second-largest economy but also
pointing to price pressures. [ID:nTOE6A001P]
 The MSCI Asia share index outside Japan .MIAPJ0000PUS jumped 1.8 percent.
 Investors awaited a raft of U.S. economic data later in the day, including
personal income and spending numbers for September at 1230 GMT, construction
spending for September at 1400 GMT and the Institute for Supply Management's
October manufacturing index at 1400 GMT, for near-term market direction.
 In Europe, Portugal's minority Socialist government and opposition Social
Democrats (PSD) have reached an agreement on the 2011 budget, the finance
ministry said on Saturday. The agreement comes after weeks of escalating fears
that Portugal would fail to enact an austere 2011 budget and spark a political
crisis in one of the euro zone's weakest members. [ID:nLDE69T02Y]
 Commodity shares will be in focus as the U.S. dollar .DXY fell against a
basket of currencies due to entrenched speculation the Fed could launch another
round of U.S. bond purchases. A weaker dollar makes commodities cheaper for
holders of other currencies and generally boosts demand for metals and oils.
 On Friday, the FTSEurofirst 300 .FTEU3 index of top European shares closed
0.1 percent higher at 1,086.61 points, up 2.4 percent for the month.
 The Dow Jones industrial average .DJI added 4.54 points, or 0.04 percent,
to 11,118.49 on Friday. The Standard & Poor's 500 Index .SPX shed just 0.52 of
a point, or 0.04 percent, to 1,183.26. The Nasdaq Composite Index .IXIC edged
up just 0.04 point, or 0.00 percent, to 2,507.41.
 ----------------------MARKET SNAPSHOT AT 0732 GMT----------------------  
                                      LAST        PCT CHG        NET CHG 
 S&P 500                  .SPX   1,183.26       -0.04 %          -0.52 
 NIKKEI                  .N225   9,154.72       -0.52 %         -47.73 
 MSCI ASIA EX-JP .MIASJ0000PUS     556.80        1.91 %          10.43 
 EUR/USD                  EUR=     1.3968        0.04 %         0.0006 
 USD/JPY                  JPY=      80.51        0.29 %         0.2300 
 10-YR US TSY YLD    US10YT=RR      2.627          --             0.02 
 10-YR BUND YLD      EU10YT=RR      2.524          --             0.02 
 SPOT GOLD                XAU=  $1,361.26        0.31 %          $4.21 
 US CRUDE                 CLc1     $81.71        0.34 %           0.28 
 * GLOBAL MARKETS-Asian shares up on China PMI               [ID:nSGE6A0034]
 * US STOCKS-Solid October ends flat ahead of Fed, elections [ID:nN29241403]
 * Nikkei hits 7-wk low in choppy trade; yen, Fed eyed       [ID:nTOE6A002W]
 * TREASURIES-Dip in Asia, on back foot ahead of key events  [ID:nTOE6A002J]
 * Dlr/yen jump short-lived after suspected miss-hit         [ID:nTOE6A0025]
 * Gold rises to 2-week high on dollar; silver soars         [ID:nSGE6A004J]
 * Copper rallies; dollar eases before Fed                   [ID:nSGE6A0044]
 * Oil rises on weaker dollar, expectations for Fed stimulus [ID:nSGE6A003B]
 The miner needs to clear three hurdles over the next week before it will be
free to raise its $39 billion bid for Potash Corp POT.TO, as widely expected.
 The UK's Sunday Times, citing sources close to the situation, reported that
BHP plans to sweeten its offer by 10 percent. [ID:nSGE6A000E]
 A perrson familiar with the situation however said BHP was focused on
clearing regulatory hurdles, including winning approval from the Canadian
government, before it does anything else.
 Europe's biggest low-cost airline Ryanair  reported a 17 percent increase in
first half net profit on Monday and upgraded its full-year earnings guidance, as
expected, on  the back of better winter yields. [ID:nLDE6A0035]
 New stroke prevention drug Xarelto, developed by Bayer and Johnson & Johnson
JNJ.N, proved a safe alternative to the standard treatment in a late-stage
study, lifting Bayer's chances of entering a $12 billion plus market.
 British energy corporation BG Group said on Sunday it had given final
approval to a $15 billion project to develop a major new liquefied natural gas
project in northeastern Australia. [ID:nSGE69U029]
 There is a 30 percent chance investors holding preferred shares in Porsche
SE may not be able to swap their stock for equity in cash-rich Volkswagen, the
companies' top manager said in comments published in weekly Automobilwoche.
 The Food and Drug Administration has approved Novartis AG's Afinitor to
treat benign brain tumors, Novartis said on Friday. For related news, click on
 Oracle Corp ORCL.O failed in its attempt to delay the start of a
high-profile trade secrets case against SAP, and SAP was unsuccessful in its bid
for a gag order during the trial, according to a court filing made public on
Friday. [ID:nN29132601] 
 Germany's Wirtschafts Woche reports that management is considering whether
to find another Chinese partner after ties with Beijing Automotive (BAIC) have
deteriorated since the two fought over the amount of local development and
production. Related news [DAIGn.DE-E]
 Spanish builder ACS ACS.MC would be willing to guarantee in writing the
independence of Hochtief and its Australian unit Leighton LEI.AX as part of a
takeover, the chairman and chief executive of ACS said in an interview with Welt
am Sonntag. [ID:nLDE69T05M]
 The lender aims to attract 100,000 net new retail customers in the fourth
quarter, management board member Achim Kassow told German weekly Welt am
Sonntag. Related news [CBKG.DE-E]
 Demand from retail investors for shares in the initial public offering of
its Enel Green Power renewable energy unit was 70 percent of the total, Enel
said in a statement on Saturday. The company confirmed the IPO will be priced at
1.6 euro a share, the bottom end of the range, as the offer was 126 percent
subscribed. [ID:nWEA5822] 
 Stockmarkets are open, but trading could be subdued due to All Saints day
national holiday.
 Spanish telecoms giant Telefonica has no plans for further acquisitions
after the Vivo VIV04.SA stake hike and has no plans to sell shares in Vivo to
finance expansion in Brazil, chairman Cesar Alierta said in an interview with
the Wall Street Jounal. Alierta also said he sees further consolidation in the
European telecoms sector, but Telefonica will be a spectator not a player.
 (Reporting by Atul Prakash)