Tepid start in store but STOXX remains near record
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TEPID START IN STORE BUT STOXX STILL NEAR RECORD
European stocks are heading for a mixed start to Monday, as traders gear up for the first week of the month which will wrap up with a hotly anticipated U.S. payrolls report on Friday.
EuroSTOXX50 STXEc1 futures are flat as are DAX futures FDXc1, while FTSE futures FFIc1 are up 0.3%.
The European index remains around a fresh record high hit last week, as investors look ahead to a potential Federal Reserve rate cut later this month.
In company news, REA Group REA.AX, the property listings company majority-owned by News Corp NWSA.O, said on Monday it was considering buying British firm Rightmove to create a global real estate giant.
Elsewhere, Atos ATOS.PA has cut financial targets but the French IT firm said restructuring is still on track, and French drugmaker Sanofi's SASY.PA most advanced multiple sclerosis (MS) drug candidate has missed the main goal of two late-stage trials to treat relapsing forms of the disease.
Denmark's DSV DSV.CO is promising a billion-euro investment if it wins the bidding war for Deutsche Bahn's logistics unit Schenker against a consortium led by CVC Capital Partners CVC.AS, sources close to the negotiations told Reuters.
(Lucy Raitano)
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Graphic-Rates and inflation https://tmsnrt.rs/3U8HdD2
Graphic-Payroll growth stays strong https://tmsnrt.rs/3deZoGA
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