Egypt businesses eye increased trade, investment with Saudi Arabia: HSBC report    China invites Egypt to join African duty-free export scheme    Oil prices edge higher on Wednesday    Maersk to resume Suez Canal transits in early December after strategic deal    Gold prices climb on Wednesday    MSMEDA discusses extending technical cooperation with JICA    Egypt, Italy sign agreements to establish 89 applied technology schools    Egypt, Algeria agree to deepen strategic ties, coordinate on Gaza ceasefire, regional crises    FM pushes for deeper US investment and outlines Egypt's Gaza and Nile red lines in AmCham address    Gaza struggles under fragile truce as Egypt plans reconstruction conference    Egypt calls for deeper health, pharmaceutical partnership with Türkiye    Ahl Masr Hospital Launches Region's First Burn Care Conference    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt, Qatar discuss expanding health cooperation, Gaza support    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Europe Stock-Index Futures Rise on China Production Data
Published in Amwal Al Ghad on 11 - 11 - 2013

European stock-index futures advanced, indicating equities may snap two days of losses, as China's industrial output growth unexpectedly accelerated. U.S. index futures and Asian shares were little changed.
Novartis AG (NOVN) may move after agreeing to sell a unit to Grifols SA for $1.68 billion. A gauge of automakers may be active as a report showed China's passenger-vehicle sales last month surpassed analysts' estimates. RSA Insurance Group Plc may be active after suspending three top executives at its Irish unit and saying 2013 results will miss analysts' forecasts.
Futures on the Euro Stoxx 50 Index expiring in December climbed 0.3 percent to 3,038 at 7:04 a.m. in London. The Stoxx Europe 600 Index has risen for five straight weeks as the European Central Bank unexpectedly lowered its key interest rate and the Federal Reserve maintained bond purchases. Contracts on the U.K.'s FTSE 100 Index added 0.5 percent today. Standard & Poor's 500 Index futures lost less than 0.1 percent, while the MSCI Asia Pacific Index rose 0.2 percent.
In China, industrial production jumped 10.3 percent in October from a year earlier, the National Bureau of Statistics said Nov. 9. That was higher than September's 10.2 percent and exceeded the 10 percent median projection of economists surveyed by Bloomberg. Inflation was a less-than-forecast 3.2 percent and producer prices fell 1.5 percent.
President Xi Jinping and top Communist Party leaders have gathered in Beijing for a meeting known as the third plenum to outline a blueprint to sustain growth and drive urbanization in the world's second-biggest economy. The meeting of about 370 officials will conclude tomorrow.
Confidence Vote
In Greece, Prime Minister Antonis Samaras survived a vote of no confidence brought by the main opposition party as his government remained locked in talks with the country's creditors. Greece's 300-seat parliament rejected the measure with 153 votes against and 124 votes for. The Pasok party, part of Samaras's coalition, expelled a lawmaker who voted for the motion, reducing the party's caucus to 27 seats.
Novartis may be active after the drugmaker said it is selling its blood-transfusion diagnostics unit to Grifols for $1.68 billion. The deal will be completed in the first half of 2014, according to a statement.
Automakers in the Stoxx 600 may be active. Wholesale deliveries of cars, multipurpose and sport utility vehicles in China rose to 1.61 million units last month, according to the state-backed China Association of Automobile Manufacturers. That exceeded the median estimate of 1.5 million units by three analysts surveyed by Bloomberg News.
RSA may be active after the U.K.'s biggest non-life insurer by market value said late Nov. 8 that it suspended three top executives at its Irish unit amid a probe into finance and claims functions.
"As a result of these issues, RSA estimates that its 2013 operating result will be 70 million pounds lower than current market expectations," the company said in a statement.
Shire Plc may move after the drugmaker agreed to buy ViroPharma Inc. for about $4.2 billion in cash.
Source: Bloomberg


Clic here to read the story from its source.