European stock futures edge up
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EUROPEAN STOCK FUTURES EDGE UP
European equity futures are slightly higher on Friday, but showing little evidence that the strong gains seen on Wall Street and in Asia are set to materialise on the continent.
Euro STOXX 50 futures STXEc1 are up 0.2%, while futures on the DAX FDXc1, CAC FCEc1 and FTSE FFIc1 are gaining between 0.1%-0.2%.
That follows a 2.3% rally in the S&P 500 .SPX yesterday following soothing U.S. labour market data.
Overnight, MSCI's broadest gauge of Asia-Pacific stocks excluding Japan .MIAPJ0000PUS surged 1.8%, led by a 2.9% rally in Taiwan .TWII.
Japan's Nikkei 225 .N225, which tumbled over 12% on Monday, rose 0.6% and only ended the week lower by 2.4%, although that was still its fourth consecutive weekly decline.
In corporate news, Hargreaves Lansdown HRGV.L agreed to a 5.44-billion pound takeover by a consortium backed by CVC Advisers.
Italy's top insurer Generali GASI.MI posted a rise in first half profit, broadly in line with company-provided consensus, but said its non-life segment suffered a rising impact from natural disasters.
(Samuel Indyk)
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