European Aspects to Watch-Shares seen higher after Yellen remarks

(ADVISORY- Reuters plans to replace intra-day European and UK
stock exchange reports with a Live Markets blog site on Eikon – see cpurl:// apps.cp./ cms/? pageId= livemarkets.
for site in advancement. See the bottom of the report) European shares movinged towards a.
broadly greater open on Tuesday, matching gains on Wall Street.
and in Asia after Federal Reserve Chair Janet Yellen dropped a.
referral to the timing of any boost in U.S. interest rates.
in her latest speech. Yellen’s remarks, which were likely her last public remarks.
before a policy conference next week, followed Friday’s dismal.
regular monthly jobs report, which raised concerns over the capability of.
the economy to take in a rate hike as early as June. Yellen.
called the jobs report “frustrating,” however said “one should not.
connect too much significance to a single report.” Futures for the Euro STOXX 50, Germany’s.
DAX and France’s CAC were 0.4 to 0.5 percent.
higher. However, futures for Britain’s commodity-heavy.
FTSE index were up just 0.1 percent following a retreat.
in metals prices after a jump in the previous session. European stocks edged up on Monday, helped by gains in major.
mining and oil business shares following weak point in the dollar.
prompted by Friday’s weak U.S. tasks information. The pan-European STOXX.
600 and the FTSEurofirst 300 equity indexes.
increased 0.3 and 0.4 percent respectively. In the United States, the S&P 500 index closed at a.
7-month high up on Monday, while MSCI’s broadest index of.
Asia-Pacific shares outside Japan rose more than.
1 percent on Tuesday as financiers judged the Fed’s mindful.
position as appropriate to equities. On the macroeconomic front, German industrial output rose.
a little more than anticipated in April, suggesting that the motor.
of Europe’s largest economy was humming along at the start of.
the 2nd quarter. BUSINESS NEWS ROYAL DUTCH SHELL The oil major stated it would offer up to 10 percent of its oil.
and gas production, leaving approximately 10 countries to cut expenses.
following its $54 billion acquisition of BG Group. Shell stated it.
would preserve yearly spending below $30 billion up until the end.
of the decade and cut its planned 2016 capex for a third time to.
$ 29 billion, down from an initial $35 billion. CARMAKERS Germany wants stricter European Union guidelines on emissions.
from motor vehicles, the transport ministry stated on Monday,.
confirming a report by the financial daily Handelsblatt. BASF stated on Monday it would refrain for now from developing a.
propylene plant in Texas because of unpredictable commodity costs, a.
indication that an aggressive U.S. Gulf Coast petrochemical structure.
boom announced earlier this decade might be cooling. DAIMLER AG Daimler AG announced 1,240 layoffs at three plants in the.
U.S. and one in Mexico at its truck division.

ACCORHOTELS Europe’s biggest hotel group, which wants to restrict a push by.
Chinese shareholder Jin Jiang to enhance its stake, should.
keep a diverse group of investors, French President.
Francois Hollande stated. DEUTSCHE BANK Thebank is disposing of strategies to establish a brand-new digital banking.
service in the United States for fear of the relocation hindering a.
sweeping overhaul targeted at restoring the loan provider’s fortunes after.
a harmful string of monetary scandals. ENGIE The Brazilian system of the French utility company is looking.
to offer its natural gas obstructs in Brazil’s Bahia and Maranhao.
states as part of a worldwide method to focus on renewable resource.
resources, the division’s president said. OVERALL.

Preliminary work got underway on Monday to restart 3 of.
Overall’s French oil refineries stopped as part of across the country.
strikes against prepared modifications to employment laws, but workers.
were still on strike at the nation’s 2 primary oil ports. GLENCORE A U.S. judge on Monday stated Glencore Plc must face.
a personal antitrust lawsuit implicated it of attempting to monopolize.
the market for unique high-grade zinc, driving up its rate. BANCA GENERALI The Italian possession supervisor said on Monday its total net.
inflows were 433 million euros ($ 492 million) in May. UBS Standard & & Poor’s said it modified UBS Group AG rating to.
‘ A-‘ from ‘BBB+’, outlook revised to ‘stable’ from ‘positive’.

ROCHE Pharmaceutical business Roche and OSI Pharmaceuticals LLC.
will pay $67 million to deal with allegations they made misleading.
statements about the effectiveness of lung cancer drug Tarceva,.
the United States Justice Department stated on Monday. SCHINDLER HOLDING The world’s No. 3 elevator maker will at first get a 25.
percent equity stake in Volkslift Elevator (China) Co. Ltd. with.
alternatives to buy remaining shares. A cost for the.
transaction in China, the world’s most significant lifts market, was not.
given. DET NORSKE, LUNDIN PETROLEUM, STATOIL.
, MAERSK Norwegian oil firm Det norske stated the gigantic Johan Sverdrup.
oilfield in the North Sea might produce more oil than earlier.
projected and would cost less to develop, confirming estimates.
by fellow partner Lundin Petroleum of Sweden. OPHIR Oil and gas explorer Ophir Energy Plc said on.
Monday it was talking to a range of equity financiers, as well as.
gas buyers to assist fund its Fortuna FLNG job in.
Equatorial Guinea, after Schlumberger strolled.
away. SPORTS DIRECT Mike Ashley, the billionaire creator of Sports Direct.
, is set to deal with hard concerns from British lawmakers.
on Tuesday over working practices at his sportswear company. ADVISORY- Reuters plans to change intra-day European and UK.
stock exchange reports with a Live Markets blog site on Eikon (see cpurl:// apps.cp./ cms/? pageId= livemarkets.
for website in development). In a real-time, multimedia format.
from 0600 London time through the 1630 closing bell, it will.
consist of the very best of our market reporting, Stocks Buzz service,.
Eikon graphics, Reuters images, appealing research study and.
market zeitgeist. Breaking news and significant market relocations will.
continue to look out to all clients and we will continue to.
supply a short opening story and comprehensive closing reports. If you have any ideas, recommendations or feedback on this,.
please email mike.dolan@thomsonreuters.com. Mike Dolan, Markets Editor EMEA.

( Reporting by Atul Prakash).

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