September 1, 2009 / 5:25 AM / in 8 years

European Factors -- Shares set to rise; U.S. data eyed

 (Adds futures, more company items; updates snapshot table)
 LONDON, Sept 1 (Reuters) - European shares were expected to open higher on Tuesday, after finacial and property shares helped China's stock market recover some lost ground.
  At 0640 GMT, DJ Euro Stoxx STXEc1 futures, Germany's DAX futures FDXc1 and France's CAC-40 futures FCEc1 were up 0.6 percent. On Monday, the FTSEurofirst 300 .FTEU3 index of leading European shares fell 0.7 percent to 972.02 points.
 But the European benchmark index rose 4.7 percent in August and is up more than 50 percent from its lifetime low hit on March 9, as investors have become more confident on the prospects of worldwide economic recovery. 
 Oil and metals prices fell sharply on Monday, when the London Stock Exchange was closed for a holiday. The FTSE 100's heavyweight oil and mining sectors may show the effect of the lower prices on Tuesday.
 China's key stock index, the Shanghai Composite Index .SSEC, rose on Tuesday, led by financial and property shares on a technical rebound after the recent rout, as positive manufacturing data trained some of the focus on the mainland's still robust economic recovery story.
 The index slumped 6.7 percent on Monday and posting its second-biggest monthly loss in 15 years in August [ID:nBJD002982]
 Japan's benchmark Nikkei 225 .N225 closed 0.4 percent higher. 
 Euro zone manufacturing PMI is seen at 47.9 from 46.3 in July, helped by continuing improvement in activity in the factory sectors of the currency bloc's two largesteconomies, Germany and France.
 Later in the day, investors' attention will turn to PMI manufacturing and pending homes sales data in the United States. 
 ----------------------MARKET SNAPSHOT AT  0631 GMT----------------------   
                                      LAST        PCT CHG        NET CHG    
 S&P 500                  .SPX  1,020.62        -0.81 %          -8.31
 NIKKEI                  .N225 10,530.06         0.36 %          37.53
 MSCI ASIA EX-JP .MIASJ0000PUS    426.25         1.58 %           6.64
 EUR/USD                  EUR=    1.4368         0.29 %         0.0041
 USD/JPY                  JPY=     93.07         0.14 %         0.1300
 10-YR US TSY YLD    US10YT=RR     3.409             --           0.01
 10-YR BUND YLD      EU10YT=RR     3.257             --           0.01
 SPOT GOLD                XAU=   $953.80         0.44 %          $4.15
 US CRUDE                 CLc1    $70.27         0.44 %           0.31
 -----------------------------------------------------------------------    
 * US STOCKS-Wall St slips on China sell-off          [ID:nN31395303]
 * TREASURIES-Dip in Asia as Chinese shares stabilise [ID:nT289337]
 * GLOBAL MARKETS-China shares stabilise on PMI data, [nHKG62042]
 * METALS-LME copper slides 2.7 pct, pares losses;    [ID:nSP465812]
 * PRECIOUS-Gold inches above $950                    [ID:nT71194]
 * Nikkei dips in and out of positive territory       [ID:nT365883]
 * Oil holds $70 after 4 pct drop, awaits US data     [ID:nSIN485426]
 * Aussie steady before rate decision, yen holds      [ID:nT285532]
  
 COMPANY ITEMS
  
 VIVENDI (VIV.PA)
 The French media and telecoms group confirmed its 2009 goal for a strong rise in adjusted operating income after reporting a 13 percent rise in half-year adjusted operating profit. [VIV.PA]
 NOKIA NOK1V.HE
 Nokia NOK1V.HE has delayed to next year the launch of its music service in the United States, the world's largest music market, Forbes magazine reported online on Monday, quoting a Nokia spokeswoman.  [ID:nLV442197]
  
 LLOYDS (LLOY.L)
 The UK government and Lloyds Banking Group (LLOY.L) have reached a 1 billion pound ($1.62 billion) deal to enhance Lloyds business lending, the Financial Times reported. [ID:nB647168]
  
 PARTNERS GROUP (PGHN.S)
 Partners Group (PGHN.S) achieves a solid result for H1 2009 with stable revenues and EBITDA; net profit temporarily impacted by lower financial result [PGHN.S]
  
 SOCIETE GENERALE (SOGN.PA)
 Jerome Kerviel, the French former trader blamed by Societe Generale for close to 5 billion euros in losses, was ordered to stand trial on Monday, his lawyer Olivier Metzner told Reuters. [ID:nLV390931]
 UBS UBSN.VX
 The United States has launched the formal process to get account details of 4,450 American clients of UBS suspected of tax evasion, the Swiss finance ministry said on Monday.
 For related news click on [UBSN.VX]
 UTILITIES
 Libya's $65 billion sovereign wealth fund aims to buy into European utilities, drugmakers and other companies with technology that may be useful for the country, the head of the Libyan Investment Authority said. [ID:nLV513566]
 UNICREDIT (CRDI.MI)
 Pioneer Investments Group, the bank's asset management unit, has been named a defendant in two more lawsuits related to the Bernard Madoff swindle, UniCredit said in its first-half report. The bank is the target of three U.S. class action lawsuits stemming from the case, it said.
 UniCredit also said it believed a possible 100 million euro legal claim in Slovakia over currency and derivative operations was unfounded. It has made no provision for the claim.
 VINCI (SGEF.PA)
 The French public works group is creating a European leader in the energy services business by swapping a stake of up to 8 percent in the company for the Cegelec unit of real estate investor Qatari Diar. [ID:nLV386535]
  
 EIFFAGE (FOUG.PA)
 Vinci's rival reported a drop in first-half net profit and cut its sales targets for 2009. [ID:nLV386535]
 M6 (MMTP.PA)
 The French television broadcaster said it expected the advertising market would still be in difficulty next year. [MMTP.PA]
 LVMH (LVMH.PA)
 Louis Vuitton, part of LVMH, said it won a lawsuit it filed in 2007 against the California based Internet hosting business of Akanoc Solutions and was awarded $32.4 million in damages. [LVMH.PA]
  
 HAVAS EURC.PA
 The world's number six advertising group posted a 13.1 percent drop in first-half core profit as clients cut spending amid a global economic downturn. [ID:nLV629951]
  
 COMMERZBANK (CBKG.DE)
 Germany's second-largest lender may return to a profit next year, its CEO Martin Blessing said in an interview with Financial Times Deutschland. The second-quarter of 2009 marked the bottom for the lender, he said.
 Related news [CBKG.DE-E]
 RWE (RWEG.DE)
 Germany's second-largest utility will be added to the Dow Jones STOXX 50 Index, STOXX Ltd. The changes will become effective on Sept. 21.
 Related news [RWEG.DE-E]
 AIR BERLIN (AB1.DE)
 Germany's second-biggest airline said two funds of BlueBay Asset Management BBAY.L have acquired convertible bonds that could be converted into 5.2 percent and 3.3 percent of Air Berlin shares, based on current issued and outstanding shares.
 Related news [AB1.DE-E]
 G20 MEETING AND BANKS
 The leaders of Germany and France took aim at the banking sector on Monday, pledging to check banks' power and push for limits on bonus payments at a Group of 20 summit next month.
 Chancellor Angela Merkel said bonus payments to bankers were "rightly driving a lot of people crazy" and that she and French President Nicolas Sarkozy wanted the G20 summit in Pittsburgh on Sept. 24-25 to make progress on financial regulation. [ID:nLV385318]
 Related news [BNK-DE-E]
 (Reporting by Brian Gorman)     

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