ON OUR RADAR AT THE OPEN (0650 GMT)
Europe seems set to open in positive territory and march in the footsteps of Wall Streetspositive close rather than in Asias gloomy session.
The lira crisis seems to be taking a temporary breather, at least in terms of contagion toEuropean stocks.
Its also a holiday in parts of Europe so trading isnt expected in wild volumes.
In terms of individual stocks, there isnt a huge amount in terms of earnings as the seasonnears its end.
Balfour Beatty reported a 69 percent jump in underlying operating profit as its measures tocut costs and boost margins paid off and Admiral posted a 9 percent rise in first-half pre-taxprofit, helped by demand for its insurance products.
RBS is front page news again after the U.S. Justice Department confirmed the bank would pay$4.9 billion to settle U.S. claims that it misled investors on residential MBS between 2005 and2008. This announcement confirms the May 10 deal and RBS repeated it would pay a dividend forthe first time since the financial crisis.
Still in the UK, attention will also be on inflation data after disappointing wage growthyesterday.
How unions will react to press reports that Air France-KLM's board could appoint AirCanada's COO as its new boss could have a big impact on the airline.
Talking about the industry, French airport operator ADP, which the French state seeks toprivatise, reported a 3.7 percent year-on-year rise in July traffic with 10.4 million passengershaving travelled through Paris-Charles de Gaulle and Paris-Orly.
Another possible mover are Deutsche Telekom and United Internet which are in talks oncooperating to build out Germany's fibre optic network, potentially defusing a standoff betweenthe two firms ahead of 5G mobile licence auctions next year.
(Julien Ponthus)
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MORNING CALL: FUTURES CAUTIOUSLY UP (0606 GMT)
Futures have opened and they are rising as expected but very cautiously:
(Julien Ponthus)
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MORNING CALL: EUROPEAN SHARES SEEN EDGING UP (0523 GMT)
Financial spreadbetters expect London's FTSE and Frankfurt's DAX to open both 17 pointshigher. While Wall Street's three main indexes closed in positive territory, things are lessrosy in Asia where stocks are retreating.
The lira, which plummeted to a record low of 7.24 to the dollar at the week's start,rattling global markets, is currently trading at 6.50.
Here's what the action looked like these past few days on the front of the Turkish currencycrisis :
(Julien Ponthus)
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