STOXX eyes strong start
Changes WH Smith share buyback from £500 million to £50 million in sixth paragraph
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STOXX EYES STRONG START
European stocks are heading for a strong start to Wednesday, as European traders catch up with a closely-watched U.S. presidential debate and digest some major deals news.
EuroSTOXX50 STXEc1 futures are up 0.3%, while FTSE futures FFIc1 are rising 0.1% and DAX futures FDXc1 are up the most, adding 0.4%.
Attention will be on Italy's Unicredit CRDI.MI and Germany's Commerzbank CBKG.DE shares at the open, after news that UniCredit had acquired a 9% stake in Commerzbank.
Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro 1COV.DE for about 14.4 billion euros ($15.90 billion) including debt, the Financial Times reported on Wednesday.
In the UK, eyes will be on shares in Britain's largest real estate portal Rightmove RMV.L at the open, after it has rejected a 5.6 billion pounds ($7.33 billion) cash-and-stock takeover offer from Australian property listing firm REA Group REA.AX.
WH Smith SMWH.L has published a trading update and announced a £50 million share buyback,while homeware retailer Dunelm DNLM.L reported annual profit above market expectations, and gas producer Energean ENOG.L posted a higher first-half profit.
The latest data showed Britain's economic output grew by less than expected in month-on-month terms in July.
(Lucy Raitano)
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Changing odds https://reut.rs/4edzDQw
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