European Factors-Shares seen higher on Fed, Intel

(Adds company news items, futures prices, updates snapshot table)

LONDON, Oct 13 (BestGrowthStock) – European shares were expected to rise on
Wednesday on growing speculation that policymakers will embark on more
quantitative easing measures after Federal Reserve minutes showed that officials
indicated they may act soon to spur the recovery.

Sentiment was also boosted by an upbeat fourth-quarter sales and margins
forecast from U.S. technology firm Intel (INTC.O: ), which raised hopes that the
technology sector could end 2010 on a strong note. [ID:N11136922]

By 0616 GMT, futures for the STOXX Europe 50 (STXEc1: ), for Germany’s DAX
(FDXc1: ) and for France’s CAC (FCEc1: ) were all up by around 0.7 percent.

Shares on Wall Street hit fresh five-month highs on Tuesday and the dollar
came under pressure after details from a Fed meeting showed officials thought
the struggling recovery might soon need more help and they discussed several
ways to provide it, including possible adoption of a price-level target.
[ID:nN12188145]

“Yesterday’s FOMC meeting minutes sent a clear signal that another round of
QE would be forthcoming as the Fed attempts to shore up the ailing U.S. economy
once again,” Ben Potter, market strategist at IG Markets wrote in a note.

However, European Central Bank Governing Council member Alex Weber said the
ECB’s programme to stimulate the economy by buying government bonds has not
worked and should be scrapped. [ID:nN12121001]

The pan-European FTSEurofirst 300 (.FTEU3: ) index of top shares closed 0.3
percent lower at 1,071.26 points on Tuesday.

European mining shares are expected to be in focus as copper prices (CMCU3: )
extended gains to touch 27-month highs as the dollar fell.

———————-MARKET SNAPSHOT AT 0614 GMT———————-

LAST PCT CHG NET CHG
S&P 500 (.SPX: ) 1,169.77 0.38 % 4.45
NIKKEI (.N225: ) 9,403.51 0.16 % 14.87
MSCI ASIA EX-JP (.MIASJ0000PUS: ) 545.46 0.74 % 4.02
EUR/USD (EUR=: ) 1.3958 0.32 % 0.0044
USD/JPY (JPY=: ) 81.85 0.09 % 0.0700
10-YR US TSY YLD (US10YT=RR: ) 2.422 — -0.01
10-YR BUND YLD (EU10YT=RR: ) 2.290 — 0.04
SPOT GOLD (XAU=: ) $1,355.75 0.46 % $6.15
US CRUDE (CLc1: ) $82.22 0.67 % 0.55
———————————————————————–

* GLOBAL MARKETS-Asian stocks gain on tech strength [ID:nSGE69C01P]

* US STOCKS-Wall St rises as Fed seen easing soon [ID:nN12208435]

* Nikkei edged up, but yen weighs, Intel helps techs [ID:nTOE69C05C]

* TREASURIES-Edge higher in Asia after previous day’s drop [ID:nTOE69C03O]

* Dollar languishes, euro heads up towards $1.40 [ID:nTOE69C021]

* PRECIOUS-Gold rises on weak dollar after Fed minutes [ID:nSGE69C021]

* METALS-LME, COMEX copper at 27-month peaks [ID:nSGE69C01O]

* Oil surpasses $82 after China crude imports soar [ID:nSGE69C05Y]

COMPANIES:

STANDARD CHARTERED (STAN.L: )

Emerging markets bank Standard Chartered said it would raise $5.3 billion
through a rights issue to strengthen its finances ahead of the introduction of
new global capital rules. [ID:nSGE69C01A]

INFINEON (IFXGn.DE: ), NOKIA (NOK1V.HE: ), SONY ERICSSON (ERICb.ST: )

Sector peer Intel Corp (INTC.O: ) forecast upbeat fourth-quarter sales and
margins as resilient demand from emerging markets and corporations offset weak
consumer spending. [ID:nLDE69C02I]

ASML (ASML.AS: )

Dutch chip equipment maker ASML reported a big rise in third-quarter profit (Read more your timing to make a profit.)
after riding a surge in demand for chip consumption that may soon be easing
after chipmakers ramped up production. [ID:nLDE69B179]

COMMERZBANK (CBKG.DE: )

Germany’s second biggest lender could face new financial burdens of billion
of euros, due to the fact that it has been placed on a list — compiled by
international financial regulators — including insurers and banks all over the
world with a significant impact on the global financial system, Handelsblatt
newspaper reported.

AIRBUS (EAD.PA: )

Dubai’s Emirates launched a double challenge to European airlines on
Tuesday, setting out ambitions to own a fleet of more than 100 Airbus (EAD.PA: )
A380 superjumbos and stepping up a war of words over rivals’ subsidy claims.
[ID:nLDE69B200]

ADIDAS (ADSGn.DE: )

The U.S. National Football League said on Tuesday Nike (NKE.N: ) would replace
Adidas’s Reebok brand as onfield apparel licensee. [ID:nN12184881]

SWATCH GROUP (UHR.VX: )

Swatch Group, the world’s largest watchmaker, is likely to reach its sales
target this year despite the negative impact of the strong Swiss franc, its
chief executive was quoted as saying on Wednesday.

ATOS ORIGIN (ATOS.PA: )

Atos Origin confirms Q3 sales fall of 1.5 percent to 1.210 billion euros and
confirms financial objectives for 2010. Company also raises cash flow objective
for 2010 to 140 million euros. [ID:nWEA1989]

UNICREDIT (CRDI.MI: )

A board meeting to decide on the appointment of one or two general managers
is likely to be held early next week or Friday at the earliest, a source close
to the matter said on Tuesday, adding that candidates are deputy CEOs Roberto
Nicastro, Sergio Ermotti and Paolo Fiorentino.

MARINE HARVEST (MHG.OL: )

The world’s largest fish farmer said its operational earnings for the third
quarter reached 750 million Norwegian crowns ($127.9 million) and that it
produced 64,000 tonnes of fish over the same period, against a guidance of
66,000 tonnes. [ID:nWEB6246]

(Reporting by Harpreet Bhal)

European Factors-Shares seen higher on Fed, Intel