LONDON, April 14 (Reuters) – European shares are set to open higher on
Wednesday, with technology stocks expected to be in focus after forecast-beating
results from chip maker Intel Corp (INTC.O) reinforced the view of a recovery in
the sector.
Britain’s FTSE 100 .FTSE is seen opening as much as 19 points higher, or
up 0.3 percent; Germany’s DAX .GDAXI is seen opening up 31 to 35 points, or
0.6 percent higher; and France’s CAC 40 .FCHI is seen rising 19 to 24 points,
or up 0.6 percent, according to financial spreadbetters.
Intel Corp’s sales and margin forecasts trounced Wall Street expectations
and the stellar showing from the world’s top chip maker, an industry bellwether
and among the first tech stocks to report first-quarter earnings, lifted Asian
tech shares.
Investors will focus on earnings from the U.S. banking sector on Wednesday
with JP Morgan Chase (JPM.N) posting results before U.S. markets open.
The pan-European FTSEurofirst 300 .FTEU3 index of top shares fell 0.3
percent to close at 1,098.56 points on Tuesday, having moved in a range of 7.89
points during the session.
———————-MARKET SNAPSHOT AT 0515 GMT———————-
LAST PCT CHG NET CHG
S&P 500 .SPX 1,197.30 0.07 % 0.82
NIKKEI .N225 11,200.32 0.35 % 39.09
MSCI ASIA EX-JP .MIASJ0000PUS 506.31 0.76 % 3.81
EUR/USD EUR= 1.3651 0.26 % 0.0035
USD/JPY JPY= 93.24 0.02 % 0.0200
10-YR US TSY YLD US10YT=RR 3.836 — 0.02
10-YR BUND YLD EU10YT=RR 3.146 — 0.00
SPOT GOLD XAU= $1,154.90 0.41 % $4.75
US CRUDE CLc1 $84.38 0.39 % 0.33
———————————————————————–
* GLOBAL MARKETS-Tech propels Asian stocks after solid Intel[ID:nTOE63D01V]
* US STOCKS-Market gains modestly; Intel rises late [ID:nN13100386]
* Nikkei rises 0.3 pct as Intel boosts tech stocks [ID:nTOE63D02N]
* FOREX-Dollar, yen slip on cocktail of Singapore, Intel [ID:nTOE63D00W]
* TREASURIES-Fall in Asia as regional shares firm [ID:nTOE63D01J]
* Oil up above $84 as equities, dollar offset stock build [ID:nSGE63D02S]
* PRECIOUS-Gold recovers after falling nearly 1 pct [ID:nSGE63D00Y]
* METALS-LME copper gains; in narrow ranges ahead of data [ID:nSGE63D02J]
(Reporting by Harpreet Bhal)
