Europe Factors-Shares set to resume slide on growth fears

(Adds futures, company news; updates snapshot table)

PARIS, Aug 22 (Reuters) - European stock index futures pointed to losses on
Monday, tracking a drop on Wall Street and in Asia on growing fears of another
global economic downturn.

By 0621 GMT, futures for Euro STOXX 50 STXEc1, for Germany's DAX FDXc1
and for France's CAC FCEc1 were down 0.2 to 0.9 percent.

The Nikkei stock average .N225 fell to a five-month low, while gold shot
to new highs and Bund futures rose early.

Brent crude LCOc1 fell more than $2 to around $106 a barrel on the
potential for a resumption of exports from OPEC-member Libya as the country's
six-month civil war appeared close to an end, with rebel fighters sweeping into
the heart of Tripoli and Muammar Gaddafi's forces collapsing. [ID:nL5E7JL0LD]

The euro zone debt crisis was also in the spotlight again on Monday, with
European Central Bank Governing Council member Ewald Nowotny saying in an
Austrian magazine he is concerned that euro zone countries will not push through
parliamentary approval of changes to their EFSF bailout fund as quickly as
planned

Member states have to adopt revisions to the European Financial Stability
Facility (EFSF) so that it can take over from the ECB the job of buying debt of
struggling members on secondary markets if needed.

The FTSEurofirst 300 .FTEU3 index of top European shares tumbled 6 percent
last week, knocked down by worries of another global slowdown as well as
mounting concerns that the euro zone debt crisis could spark a credit crunch.

Despite the market's drop, European corporate insiders have been strongly
buying shares of their own companies, data from 2iQ Research shows.

According to the Frankfurt-based firm, which monitors directors' dealings,
so far in August they have bought about 10 times more than they have sold
shares, with 1,674 purchase transactions, representing a volume of 444 million
euros ($637 million), and 171 sell transactions, for a volume of 47 million
euros.

The buy/sell ratio is used by market strategists as a key indicator of a
change in market trend, and brisk insider buying is often seen as a 'buy'
signal.

----------------------MARKET SNAPSHOT AT 0622 GMT--------------------

LAST PCT CHG NET CHG

S&P 500 .SPX 1,123.53 -1.5 % -17.12

NIKKEI .N225 8,628.13 -1.04 % -91.11

MSCI ASIA EX-JP .MIASJ0000PUS 479.02 -1.39 % -6.73

EUR/USD EUR= 1.4366 -0.05 % -0.0007

USD/JPY JPY= 76.73 -0.05 % -0.0400

10-YR US TSY YLD US10YT=RR 2.087 -- 0.02

10-YR BUND YLD EU10YT=RR 2.081 -- -0.02

SPOT GOLD XAU= $1,883.90 1.35 % $25.01

US CRUDE CLc1 $81.58 -0.83 % -0.68

---------------------------------------------------------------------

Wall St sinks for fourth straight week [ID:nN1E77I1K7]

Stocks give up early gains on global woes, gold up [ID:nL4E7JM0GD]

Nikkei dips, intervention talk keeps yen in check [ID:nL4E7JM09W]

Gold soars to record high on economic woes [ID:nL4E7JM048]

Brent falls over $2, eyes on Libyan oil flow [ID:nL4E7JL0E4]

Copper edges up, Chilean supply worries aid [ID:nL4E7JK013]

FOREX-Yen off highs, markets wary of intervention [ID:nL4E7JM072]

COMPANY NEWS:

ENI (ENI.MI), SAIPEM (SPMI.MI)

Libya's new government will respect old contracts with Italian companies.
Italy will be among the first countries to resume oil imports from Libya and oil
field services company Saipem has started repairing plants there, Italy's
Foreign Minister Franco Frattini told Il Mattino in an interview publish on
Sunday.

SAP (SAPG.DE)

The world's biggest maker of business software said confidence among its
clients in no way reflected reported fears of a looming economic downturn.
[ID:nL5E7JK0GS]

CREDIT SUISSE (CSGN.VX)

The record-strong Swiss franc and low interest rates are pressuring Credit
Suisse's revenue but it is confident it will meet its profitability target of 15
percent ROE in the medium to longer term, its chief executive told a newspaper
on Monday. For related news, click on [CSGN.VX]

DEUTSCHE BANK (DBKGn.DE)

A U.S. judge has left largely intact a securities lawsuit alleging Deutsche
Bank misrepresented its exposure to mortgage-backed securities. Deutsche Bank
was hit with several proposed class actions in 2009 relating to six offerings of
preferred securities that had raised over $6.2 billion. [ID:nN1E77I1PU]

Separately, Deutsche Bank denied illegal stock trading charges made by the
Seoul Central Prosecutors Office against one of its South Korean entities and
four of its employees. [ID:nL4E7JL03N]

ICAP (IAP.L)

Broking giant ICAP will quit the European Union if a financial transactions
tax proposed by Germany and France takes effect across the bloc, the company's
chief executive said in a newspaper article on Sunday. [ID:nL5E7JL07N]

IG (IGG.L)

The recent market volatility and heavy trading volumes have boosted sales at
British spread-betting company IG Group, the company said on Monday.

ANGLO AMERICAN (AAL.L)

The miner is contemplating a bid for Australia's Macarthur Coal MCC.AX
that would challenge U.S. coal company Peabody Energy's (BTU.N) earlier offer
for the Australian mining firm, according to a Bloomberg report. [ID:nN1E77I1QD]

SOCIETE GENERALE (SOGN.PA)

The head of the French bank said in a newspaper interview released on
Saturday that markets could remain nervous until third-quarter earnings are
published at the end of October. [ID:nLDE77J04C]

BANCO POPOLARE (BAPO.MI)

The bank plans to speed up the sale of its Hungarian unit. It also plans to
exit Croatia as part of its business rationalisation drive, Il Sole 24 Ore
reported on Sunday.

FRENCH TELCOS (FTE.PA) (VIV.PA) (BOUY.PA)

French Internet providers are planning higher prices for heavy users of
bandwidth, ending a system where packages offer unlimited access to all for the
same fee, the daily Le Parisien reported on Sunday. [ID:nLDE77K026]

TUI AG (TUIGn.DE)

The tourism and shipping group plans to cut up to 400 jobs in Germany as it
aims to reduce costs, Sueddeutsche Zeitung reported, citing unspecified sources.
[ID:nL5E7JK0ET]

SAGE (SGE.L)

Market turmoil has derailed software group Sage's bid to buy Australian peer
MYOB, handing rival bidder Bain Capital the chance to secure a deal in its
place, people familiar with the matter said. [ID:nL4E7JL01J]

AEROPORTS DE PARIS (ADP.PA)

The airports operator handled 8.9 million passengers in July 2011 which
represents an all-time recordwith a 4.6 percent increase compared to July 2010
including 6.1 million at Paris-Charles de Gaulle (+4.0%) and 2.8 million at
Paris-Orly (+6.0%).

(Reporting by Blaise Robinson)