Madrid shares AFX at a glance outlook |
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Wed, 10 Jan 2007 08:41
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MADRID - Shares are expected to open lower, dragged down by Asian losses overnight and Wall Street's lacklustre close, dealers said.Yesterday, the IBEX-35 index closed 10.8 points lower at 14,311.5, after trading in a range of 14,288-14,417 on volume of 7.4 bln eur.The January future on the IBEX-35 index closed at 14,294, down from 14,302 Monday, on volume of about 13,880 contracts.FORTHCOMING EVENTSTODAY-Banesto FY results. Webcast at 9.00 am, news conference at 10.30 am. Net profit forecast 680-694 mln eur vs 570 mln.-Spain Supreme Court to meet to decide on whether to unblock Gas Natural, E.ON's bids for Endesa-Amper chairman Enrique Used news conference on Amper Programas unit's projects (12.30 pm)-Spain Nov industrial production-BBVA goes ex-div for 0.132 eur/shrTOMORROW-Agbar goes ex-div for 0.175 eur/shr-Repsol YPF goes ex-div for 0.360 eur/shr-Enagas goes ex-div for 0.190 eur/shr-Vocento goes ex-div for 0.120 eur/shr-Ryanair news conference (10.00 am)TODAY'S PRESS-Spain Ibex-35 index listed constructors take 53 pct of Spain 2006 public works contracts (Cinco Dias)-Deutsche Bank acted simultaneously as consultant to Endesa and guarantor for E.ON bid (El Economista)-Airlines assn study legality of granting Air Madrid route rights to LTU (El Mundo)-Enagas chairman ready to give up post for Gas Natural director (El Mundo)-Acciona creates new services division (La Gaceta de los Negocios)LATE CORPORATE NEWS-RCP International Master Fund Limited buys 1.338 pct of Vueling-OHL board recommends rejection of Villar Mir bidMARKET COMMENT-The broad market is expected to open lower, dragged down by overnight losses in Asia and a lacklustre close on Wall Street, with focus on the banking sector as Banesto kicks off the full-year to December earnings season. Analysts will be looking for an update on lending trends.-The utilities will also be in the limelight, as the market awaits news from the Supreme Court which meets today to decide on whether to unblock rival bids for Endesa from Gas Natural and E.ON.afxmadrid@afxnews.comped/ped/jdy/ic/cve/jdy/jfrCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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LTU says in talks over Air Madrid SAmerica routes, but acquisition not planned 