European Factors -- Shares set to join global bounce

LONDON, July 9 (Reuters) - European stocks are set to rise sharply on
Wednesday after Asian and U.S. equities bounced on weaker oil prices and the U.S. Federal Reserve chairman said further lifelines may be available for banks.
At 0627 GMT, futures for the Eurostoxx 50 STXEc1, Germany's DAX FDXc1
and the French CAC 40 FCEc1 were all up between 1 and 1.3 percent. The
pan-European FTSEurofirst dropped 1.5 percent in the previous session.

But political tensions in the Middle East could dampen the rebound after
Iran's state media said the country had test-fired nine missiles, including one
which it has previously said could travel as far as Israel and U.S. bases in the
region. [ID:nDAH915442].

The news prompted Asian stocks to pare earlier strong gains, with Japan's
Nikkei .N225 up just 0.2 percent, way off earlier highs.

Major Wall Street indexes added 1.4 to 2.3 percent on Tuesday after Fed
Chairman Ben Bernanke said the U.S. central bank may keep an emergency lending
facility for big Wall Street firms open longer than it initially intended.

Crude oil rose to around $137 a barrel on Wednesday, but far from its record high after it shed more than $5 the day before.

Four FTSE 100 companies -- SABMiller (SAB.L: Quote, Profile, Research), Carphone Warehouse (CPW.L: Quote, Profile, Research),
Lonmin (LMI.L: Quote, Profile, Research) and Vedanta Resources (VED.L: Quote, Profile, Research) -- will go ex-dividend this session
and together are expected to take 1.3 points off the index.

----------------------MARKET SNAPSHOT AT 0631 GMT----------------------

LAST PCT CHG NET CHG

S&P 500 .SPX 1,273.70 1.71 % 21.39

NIKKEI .N225 13,052.13 0.15 % 19.03

MSCI ASIA EX-JP .MIASJ0000PUS 467.55 1.72 % 7.89

EUR/USD <EUR=> 1.5712 0.28 % 0.0044

USD/JPY <JPY=> 107.26 -0.17 % -0.1800

10-YR US TSY YLD <US10YT=RR> 3.894 -- 0.01

10-YR BUND YLD <EU10YT=RR> 4.429 -- 0.02

SPOT GOLD <XAU=> $921.95 0.27 % $2.45

US CRUDE CLc1 $137.08 0.76 % 1.04

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

* GLOBAL MARKETS-Asia stocks rebound as oil falls below $136 [ID:nSP24679]
* Japan's Nikkei trims gains on Iran missile test [ID:nT90414]
* US STOCKS-Market rises on banks, lower oil; Alcoa up late [ID:nN08471024]
* Oil steadies after fall to $136, awaits inventories [ID:nSIN21588]
* Gold rebounds on Iran missile test, off two-wk low [ID:nSP220408]
* TREASURIES-Slip in Asia as equities rise [ID:nT70833]
* Dollar dips, bonds trim losses on Iran missile test [ID:nTKW002986]

COMPANY NEWS:

INBEV NV (INTB.BR: Quote, Profile, Research)

Anheuser-Busch Cos Inc (BUD.N: Quote, Profile, Research) is suing InBev NV (INTB.BR: Quote, Profile, Research) in an attempt to
slow its suitor's efforts to replace the U.S. brewer's board of directors, which
rejected InBev's $46.3 billion takeover offer.

InBev on Tuesday asked a court to make a summary judgment on its lawsuit
over the possible removal of all 13 directors of Anheuser-Busch Cos Inc's board,
according to court documents obtained by Reuters.

IBERDROLA (IBE.MC: Quote, Profile, Research)

Spanish utility Iberdrola reiterated on Tuesday it is not talking to Gas
Natural (GAS.MC: Quote, Profile, Research) or any other company about mergers or acquisitions.
[ID:nL087374]

MARKS & SPENCER (MKS.L: Quote, Profile, Research)

Marks & Spencer boss Stuart Ross, lauded for reviving the landmark British
retailer just a year ago, is battling to save his job after bungled management
changes and a big profit warning as the retailer is due to hold its AGM.
[ID:nL08564604]

TUI (TUIGn.DE: Quote, Profile, Research)

Norwegian billionaire and big TUI shareholder John Fredriksen has sweetened
his offer to buy the stake in TUI held by Russian billionaire Alexei Mordashov,
Germany's Frankfurter Allgemeine Zeitung newspaper reported. Asked about the
report, a spokesman for Mordashov's investment vehicle told Reuters: "We have no
intention to sell." [ID:nL08705345]

BAYER (BAYG.DE: Quote, Profile, Research)

Certain antibiotic drugs such as Bayer's Cipro and Avelox need stronger
"black box" warnings about the risk of tendinitis and ruptured tendons, U.S.
regulators said. [ID:nN08316830] [BAYG.DE-E]

WPP GROUP (WPP.L: Quote, Profile, Research), GFK (GFKG.DE: Quote, Profile, Research), TAYLOR NELSON SOFRES (TNS.L: Quote, Profile, Research)

GfK, the German market research group has joined forces with a financial
bidder in a last-minute attempt to prevent WPP from winning control of Taylor
Nelson Sofres, the Times reported.

BANCA POPOLARE DI MILANO (PMII.MI: Quote, Profile, Research)

Fabrizio Viola has quit as director-general of Banca Popolare di Milano, the
bank said in a statement on Tuesday. [ID:nN08307950].

A2A (A2.MI: Quote, Profile, Research)

Milan prosecutors concluded an investigation into possible fraud to inflate
gas bills, judicial sources said on Tuesday, a step in a process which could
lead to the trial of nine people, including utility A2A's (A2.MI: Quote, Profile, Research) chairman.

CARPHONE WAREHOUSE (CPW.L: Quote, Profile, Research)

Apple's (AAPL.O: Quote, Profile, Research) new iPhone sold out online in Britain ahead of its Friday
launch, defying general consumer gloom as the country's economy threatened to
tip over into its first recession in more than a decade. [ID:nN08308559]

FRESENIUS (FREG_p.DE: Quote, Profile, Research)

Fresenius said it expects from Galenica (GALN.S: Quote, Profile, Research) an
agreement for additional sales of at least $250 million from
2009.

LONDON STOCK EXCHANGE (LSE.L: Quote, Profile, Research)

The exchange said revenue for the first quarter was up 8 percent to 178
million pounds (up 3 percent in constant currency). [ID:nWLA6046]

TULLOW OIL (TLW.L: Quote, Profile, Research)

The UK-based oil explorer said reserves at its Jubilee field in Ghana could
be as much as 1.8 billion barrels and that it was on track for first oil in
2010. [ID:nWLA6044]

(Reporting by Rebekah Curtis; Editing by Erica Billingham and David Holmes)