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EUROPE BEFORE THE BELL: FUTURES UP AS DEALS AND EARNINGS SWEETEN THE MOOD
European futures are signalling minor rises on Monday, as uncertainty over U.S. trade policy caps further gains, while traders look ahead to more European earnings and key economic data.
Euro STOXX 50 futures STXEc1 are up 0.2%, as are futures on the DAX FDXc1 while FTSE FFIc1 are rising 0.l%.
Despite trade jitters, some news around deals and earnings in Europe is sweetening the mood.
Europe's Airbus AIR.PA said late Sunday it has finalised an agreement to take some assets from Spirit AeroSystems SPR.N, completing a critical part of a transatlantic carve-up of the struggling supplier with U.S. rival Boeing BA.N.
British meal delivery company Deliveroo ROO.L suspended its 100-million pound ($133.13 million) share buyback program days after it said it had received a proposal from U.S. peer DoorDash DASH.O. Meanwhile, the FT reported on Sunday that French entertainment company Banijay BNJ.AS is in early-stage talks for a takeover offer for British broadcaster ITVITV.L that would merge their respective production businesses.
German healthcare and materials group Merck KGaA MRCG.DE has struck a deal to acquire U.S. biotech firm SpringWorks Therapeutics SWTX.O for an equity value of $3.9 billion to boost its cancer drug business.
In earnings, Spain's Unicaja's UNI.MC net profit rose 43% in the first quarter, while French media conglomerate Vivendi's VIV.PA said NAV is up 7.8%.
Traders are awaiting U.S. non-farm payrolls on Friday, as well as earnings from several big U.S. tech names.
(Lucy Raitano)
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