Europe Factors-Shares seen rebounding; focus on miners

 (Adds detail, company news; updates snapshot table)
 LONDON, April 8 (Reuters) - European shares are expected to bounce back on
Friday, mirroring gains in Asia, with investors seen returning to riskier assets
after news a strong aftershock that struck Japan late on Thursday had not done
major damage.
 A sharp rise in metals prices on expectations of increasing demand for raw
materials due to a global economic recovery is expected to help resource-related
equities.
 Futures for Euro STOXX 50 (STXEc1: Quote, Profile, Research), for Germany's DAX (FDXc1: Quote, Profile, Research) and for
France's CAC (FCEc1: Quote, Profile, Research) were up 0.7 to 0.9 percent. Financial spreadbetters earlier
predicted Britain's FTSE 100 (.FTSE: Quote, Profile, Research) would as much as 0.5 percent higher.
 "Yesterday's close was marked by a sharp sell off on reports of an
aftershock hitting the northeast of Japan, prompting fears that the nuclear
crisis at Fukushima would escalate," said Jonathan Sudaria, dealer at Capital
Spreads.
 "However, as daylight broke in Japan, the damage from the latest quake
appeared to be limited. There was no tsunami and the nuclear power plants at
Fukushima reportedly did not receive any further damage. Asian markets gained on
the news and European equities are expected to follow suit."
 On Friday, Japan's Nikkei average (.N225: Quote, Profile, Research) rose 1.6 percent. The FTSEurofirst
300 (.FTEU3: Quote, Profile, Research) index of top European shares closed 0.3 percent lower at 1,144.18
points on Thursday and failed to stay above its 50-day moving average, ending
just below the key support level.
 Analysts said equity investors would stay cautious despite the FTSEurofirst
hitting one-month highs this week as the market still faced several headwinds.
 U.S. President Barack Obama and congressional leaders failed to reach a deal
to avert a government shutdown on Thursday in their struggle to overcome a
bitter budget deadlock. A shutdown would idle hundreds of thousands of workers
and potentially put a crimp on the U.S. economic recovery. [ID:nN07296632]
 A jump in the oil price (LCOc1: Quote, Profile, Research) to its highest in 2-1/2 years on supply cuts
stemming from attacks on Libyan oil fields could hurt global economic growth,
analysts said.
 Focus would also be on the peripheral euro zone stocks. The region's finance
ministers will discuss Portugal's bailout plea on Friday, including how much it
needs and what reforms it could do in return, but no firm decisions are likely
yet, euro zone sources said. [ID:nLDE7362AR]
 Europe will tell its banks on Friday how much capital they need to hold to
withstand a two-year recession. [ID:nLDE7361YD]
 On the macroeconomic front, a surprise surge in imports outpaced rising
German exports in February and cut into the trade surplus, in a sign of robust
demand from Europe's largest economy. [ID:nLDE73707D]
 
 ----------------------MARKET SNAPSHOT AT 0638 GMT----------------------  
                                      LAST        PCT CHG        NET CHG 
 S&P 500                  (.SPX: Quote, Profile, Research)    1,333.51     -0.15 %           -2.03 
 NIKKEI                  (.N225: Quote, Profile, Research)    9,768.08      1.85 %          177.15 
 MSCI ASIA EX-JP (.MIASJ0000PUS: Quote, Profile, Research)      590.22      0.37 %            2.16 
 EUR/USD                  (EUR=: Quote, Profile, Research)      1.4397      0.69 %          0.0098 
 USD/JPY                  (JPY=: Quote, Profile, Research)       85.04      0.05 %          0.0400 
 10-YR US TSY YLD    (US10YT=RR: Quote, Profile, Research)       3.581        --              0.03 
 10-YR BUND YLD      (EU10YT=RR: Quote, Profile, Research)       3.444        --              0.02 
 SPOT GOLD                (XAU=: Quote, Profile, Research)   $1,465.90      0.58 %           $8.45 
 US CRUDE                 (CLc1: Quote, Profile, Research)     $111.38      0.98 %            1.08 
 
 * GLOBAL-Dollar falls against euro, oil at 2-1/2 year high [ID:nL3E7F8035]
 * Wall St dips on Japan aftershock; retailers rise         [ID:nN07263862]
 * Retailers boost Nikkei, options settlement offsets quake [ID:nL3E7F809T]
 * TREASURIES-Belly of curve gains as rate hike fears ease  [ID:nLDE737014]
 * FOREX-Yen resumes slide; euro hits 15-mth high vs dollar [ID:nL3E7F80AQ]
 * Gold surges to record on euro, silver hits 31-year peak  [ID:nL3E7F803C]
 * Copper rises on demand prospects, weaker dollar          [ID:nL3E7F803Y]
 * Oil hits 2-1/2-year high, Libya offsets Japan aftershock [ID:nL3E7F809L]
 COMPANY NEWS
 RIO TINTO (RIO.L: Quote, Profile, Research)
 Global miner Rio Tinto has acquired majority control of Riversdale Mining
(RIV.AX: Quote, Profile, Research) after more than 50 percent of the target's shareholders accepted its $4
billion takeover offer. [ID:nS9E7F501C]
 
 UNICREDIT (CRDI.MI: Quote, Profile, Research)
 UniCredit has decided to suspend the sale of its asset management arm
Pioneer because the offers it got were too low, Il Sole 24 Ore said in an
unsourced report. [ID:nLDE737073]
 
 VEDANTA (VED.L: Quote, Profile, Research)
 Indian-focused miner Vedanta saw record aluminium production in its fourth
quarter and a 29 percent jump in refined zinc from its Indian operations,
helping it take advantage of rising metal prices. [ID:nLDE7331V3]
 
 FIAT (FIA.MI: Quote, Profile, Research)
 The Italian carmaker is poised to increase its stake in Chrysler Group LLC
to 30 percent within the next two months, CEO Sergio Marchionne said on
Thursday. [ID:nN07173127]
 
 RAIFFEISEN BANK INTERNATIONAL (RBIV.VI: Quote, Profile, Research)
 Raiffeisen Bank International forecast its bad loan ratio would start to
improve late this year after 2010 profit easily beat market expectations.
[ID:nLDE7361Q6]
 
 BANCA MONTE DEI PASCHI DI SIENA (BMPS.MI: Quote, Profile, Research)
 The bank is set to unveil by early next week a capital hike of 2 billion
euros, a source close to the issue said, joining a growing number of Italian
banks tapping investors for cash. [ID:nLDE73620P]
 
 NOVO NORDISK (NOVOb.CO: Quote, Profile, Research)
 The world's biggest maker of insulin is facing a total cost of 6.5 billion
Danish crowns ($1.25 billion) for the development of its new diabetes drug
Victoza, daily Berlingske reported. [NOVOb.CO]
 
 LUNDIN MINING (LUMIsdb.ST: Quote, Profile, Research) (LUN.TO: Quote, Profile, Research)
 Equinox Minerals (EQN.TO: Quote, Profile, Research) (EQN.AX: Quote, Profile, Research), which has launched a hostile bid for
Lundin Mining but is itself also subject to an offer, said a $6.6 billion bid
from China's Minmetals Resources (1208.HK: Quote, Profile, Research) was too low, leaving the door open to
a rival offer. [ID:nL3E7F801Y] 
 
 METRO (MEOG.DE: Quote, Profile, Research)
 Billionaire Nicolas Berggruen, owner of Karstadt department stores, told
Frankfurter Allgemeine Zeitung (FAZ) he is on the lookout for takeover
opportunities in Germany but is not eyeing rival chain Kaufhof, a unit of Metro
(MEOG.DE: Quote, Profile, Research). [ID:nLDE7362DC] 
 
 PARMALAT (PLT.MI: Quote, Profile, Research)
 Intesa Sanpaolo, UniCredit, Mediobanca (MDBI.MI: Quote, Profile, Research) and Granarolo are meeting
later on Friday to decide on a plan for Parmalat that would shield the dairy
food from French rival Lactalis, Il Messaggero and La Repubblica reported. 
 
 VODAFONE (VOD.L: Quote, Profile, Research)
 India's Essar group is seeking $600 million-$700 million more from Vodafone
to sell its 33 percent holding in the Indian mobile joint venture to the
British company, the Economic Times reported on Friday. [ID:nL3E7F80BA]
 
 GIIVAUDAN (GIVN.VX: Quote, Profile, Research)
 Fragrance and flavour maker Givaudan said price increases should help it
reach its 2011 growth target after its first-quarter sales came in at the low
end of expectations. For related news click on [GIVN.VX]
 
 (Reporting by Atul Prakash)

Europe Factors-Shares seen rebounding; focus on miners