Europe Factors-Shares seen mixed; focus on earnings, banks

 (Adds detail, company news; updates snapshot table)
 LONDON, April 11 (Reuters) - European stock futures pointed to a mixed open
for equities on Monday ahead of the start of the earnings season, with focus
seen shifting to financials after a UK commission urged banks to ring-face their
retail arms.
 Futures for Euro STOXX 50 futures (STXEc1: Quote, Profile, Research) were flat, Germany's DAX futures
(FDXc1: Quote, Profile, Research) rose 0.2 percent, while France's CAC futures (FCEc1: Quote, Profile, Research) fell 0.3 percent.
Financial spreadbetters earlier expected Britain's FTSE 100 (.FTSE: Quote, Profile, Research) to fall 0.1
percent.
 Financials will be in the spotlight as the Independent Commission on Banking
said British banks should form separate subsidiaries for retail and trading
operations to protect ordinary savers.
 The commission said the available evidence and analysis suggested all
systemically important banks should hold equity of at least 10 percent together
with genuinely loss-absorbent debt. [ID:nLDE7371AX]
 "Traders will also be more cautious today as the U.S. earnings season gets
under way. With a lot of the recent bullishness in equities being built on the
expectation of good earnings, traders will be weary of downside surprises," said
Jonathan Sudaria, dealer at Capital Spreads.
 Dow component Alcoa (AA.N: Quote, Profile, Research) will launch the earnings season. The aluminium
producer is expected to report quarterly earnings of 27 cents per share on
revenue of $6.07 billion. Other top firms announcing results this week include
JPMorgan Chase & Co (JPM.N: Quote, Profile, Research), Bank of America Corp (BAC.N: Quote, Profile, Research) and Google Inc
(GOOG.O: Quote, Profile, Research).
 Focus will also be on mining stocks as key base metals prices climbed after
strong trade data from China showing copper imports rose 30 percent on the
month. A weaker dollar drove gold (XAU=: Quote, Profile, Research) to a record high for a fifth straight
trading day, while silver climbed to its highest in more than three decades.
 Japan's Nikkei average (.N225: Quote, Profile, Research) fell 0.5 percent on Monday. On Friday, U.S.
stocks indexes dropped 0.2 percent to 0.6 percent, but the FTSEurofirst 300
(.FTEU3: Quote, Profile, Research) index of top European shares rose 0.4 percent to 1,148.45 points to hit
a five-week closing high.
 
 ----------------------MARKET SNAPSHOT AT 0642 GMT----------------------  
                                      LAST        PCT CHG        NET CHG 
 S&P 500                  (.SPX: Quote, Profile, Research)   1,328.17       -0.4 %           -5.34 
 NIKKEI                  (.N225: Quote, Profile, Research)   9,719.70       -0.5 %          -48.38 
 MSCI ASIA EX-JP (.MIASJ0000PUS: Quote, Profile, Research)     587.04      -0.43 %           -2.53 
 EUR/USD                  (EUR=: Quote, Profile, Research)     1.4452      -0.02 %         -0.0003 
 USD/JPY                  (JPY=: Quote, Profile, Research)      84.75      -0.13 %         -0.1100 
 10-YR US TSY YLD    (US10YT=RR: Quote, Profile, Research)      3.594         --              0.01 
 10-YR BUND YLD      (EU10YT=RR: Quote, Profile, Research)      3.483         --              0.00 
 SPOT GOLD                (XAU=: Quote, Profile, Research)  $1,472.57      -0.01 %          -$0.13 
 US CRUDE                 (CLc1: Quote, Profile, Research)    $112.69      -0.09 %           -0.10 
 
 * Oil hovers at 2-1/2 year highs, stocks edge up         [ID:nL3E7FB04I]
 * Nikkei edges lower, autos sold on Citigroup downgrade  [ID:nL3E7FB07S]
 * US STOCKS-Market falls in late sell-off, volume light  [ID:[nN0896931]
 * Yen touches fresh lows vs euro, Australian dollar      [ID:nL3E7FB04G]
 * Copper rides higher on weak dollar; tin hits record    [ID:nL3E7FB03G]
 * Gold hits record on euro, silver jumps top             [ID:nL3E7FB07P]
 * U.S. debt yields rise for third straigt week           [ID:nLDE73A01K]
 COMPANY NEWS
 
 BHP BILLITON (BLT.L: Quote, Profile, Research)
 BHP Billiton played down speculation it was in talks to acquire a
cornerstone stake that could be worth $10.3 billion (A$9.8 billion) in
Australia's largest oil and gas firm, Woodside Petroleum (WPL.AX: Quote, Profile, Research), from Royal
Dutch Shell (RDSa.L: Quote, Profile, Research).
 
 SAFRAN (SAF.PA: Quote, Profile, Research)
 France's intelligence services have unearthed a case of suspected industrial
espionage at an engine subsidiary of the French aerospace and defence firm, Le
Monde newspaper said in its weekend edition. [ID:nLDE7390F7]
 
 BP (BP.L: Quote, Profile, Research)
 BP will launch a final attempt this week to rescue a proposed alliance with
Russian state oil group Rosneft (ROSN.MM: Quote, Profile, Research) and plans to seek approval by the
Russian government to buy out its billionaire partners in TNK-BP [TNKBP.UL]. 
 
 LLOYDS BANKING GROUP (LLOY.L: Quote, Profile, Research)
 The part-nationalised lender is considering splitting into two in a move
that would create a "non-core" bank filled with assets ready for disposal, the
Sunday Telegraph said. 
 
 BSKYB (BSY.L: Quote, Profile, Research)
 Rupert Murdoch's planned takeover of pay-TV operator BSkyB should not be
affected by his UK news arm admitting its role in a long-running phone hacking
scandal, British politicians said on Sunday.
 
 BANCA MONTE DEI PASCHI DI SIENA (BMPS.MI: Quote, Profile, Research)
 The bank is set to unveil early this week a capital hike of 2 billion euros
($2.88 billion), a source close to the issue said last week, joining a growing
number of Italian banks tapping investors for cash. [ID:nLDE73620P]
 
 AREVA (CEPFi.PA: Quote, Profile, Research)
 The French nuclear reactor maker has bought Siemens' (SIEGn.DE: Quote, Profile, Research) stake in
nuclear power joint venture Areva NP for 1.62 billion euros, German newspaper
Die Welt reported. [ID:nLDE7390BY]
 
 TOTAL (TOTF.PA: Quote, Profile, Research)
 Private investor Gary Klesch is close to buying the oil major's British
Lindsey refinery for as much as 2 billion pounds, the Sunday Telegraph said.
[ID:nLDE7390EI]
 
 SANOFI-AVENTIS (SASY.PA: Quote, Profile, Research)
 The drugmaker said it has completed its takeover of U.S. biotechnology
company Genzyme. [ID:nN08126948]
 
 HANNOVER RE (HNRGn.DE: Quote, Profile, Research)
 The world's third-biggest reinsurer may lower its 2011 earnings outlook due
to the earthquake in Japan, its finance chief told Frankfurter Allgemeine
Sonntagszeitung. [ID:nLDE7380CN] Related news [HNRGn.DE-E] 
 
 DEUTSCHE BOERSE (DB1Gn.DE: Quote, Profile, Research) 
 Nasdaq OMX Group (NDAQ.O: Quote, Profile, Research) and IntercontinentalExchange (ICE.N: Quote, Profile, Research) responded
late on Sunday to NYSE Euronext's (NYX.N: Quote, Profile, Research) rejection of their joint proposed bid,
reaffirming that their cash and stock offer is superior to the offer submitted
by rival Deutsche Boerse AG. [ID:nN10204369]
 
 E.ON (EONGn.DE: Quote, Profile, Research), RWE (RWEF.DE: Quote, Profile, Research), EnBW (EBKG.DE: Quote, Profile, Research), VATTENFALL (VATN.UL: Quote, Profile, Research) 
 The utilities have halted contributions to Germany's Renewables Fund after a
three-month shutdown of nuclear plants, following the nuclear disaster in Japan.
 
 HOCHTIEF (HOTG.DE: Quote, Profile, Research)
 Germany's largest construction company lowered its 2011 outlook and said its
chief executive would step down as its Australian unit Leighton Holdings
(LEI.AX: Quote, Profile, Research) warned it expected a big loss this year and said it would raise A$757
million to shore up its balance sheet. [ID:nL3E7FA0EK] 
 
 NOVARTIS (NOVN.VX: Quote, Profile, Research) Novartis has stopped a late-stage trial for Tasigna in
intestinal tumors after a committee said the cancer drug was unlikely to show it
was more effective than Glivec, the current standard of care. [ID:nLDE73A090]
 
 MEYER BURGER (MBTN.S: Quote, Profile, Research) Swiss solar equipment maker is buying Roth & Rau
(R8RG.DE: Quote, Profile, Research) in an agreed cash and share deal which values the maker of production
equipment for solar cells at 356 million euros ($512.7 million).
 
 (Reporting by Atul Prakash)

Europe Factors-Shares seen mixed; focus on earnings, banks