March 13, 2018 / 6:58 AM / 10 months ago

LIVE MARKETS-Early morning company headline round-up

Welcome to the home for real time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts
on market moves:
    While U.S. inflation is likely to focus the attention of investors today, there's also a lot
of company results with OMV, Iliad, Wacker Chemie and Geberit among the firms reporting.
    And RWE's promised its shareholders higher dividends after its deal to break up Innogy with
    Here's a quick round-up of the morning company headlines so far:
    RWE pledges higher dividends after Innogy break-up deal
    Telecoms group Iliad dials up higher annual profits
    Austria's OMV aims to increase core profit by 70 pct by 2025
    Wacker Chemie sees 2018 earnings growing faster than sales
    French bank Natixis buying into 3 M&A boutiques, bolsters China presence
    Geberit sees decent construction market in 2018
    Under pressure, ING scraps plan to raise CEO pay
    (Helen Reid)
    Good morning and welcome to Live Markets. 
    European stocks are called to open slightly lower this morning as investors await inflation
figures from the U.S. and an update on the UK's public finances. 
    Asian shares lost momentum overnight, trading hesitantly after a weaker session on Wall
Street saw the S&P 500 and Dow slip, while the Nasdaq hit a new record high thanks to a boost in
tech stocks.
    The biggest data point on everyone's minds today is U.S. CPI (1230 GMT) which could inform
investors further on the probable pace of Fed rate rises this year.
    Today's Spring Statement from Chancellor Philip Hammond is being called a "non-event" by
some. "The only area of real interest could be the updated OBR economic and public spending
forecasts, which could provide a small injection of volatility into the pound," says Jasper
Lawler of LCG in a morning note. 
    He's expected to announce a small improvement in the UK's slow economic growth outlook.

    Spreadbetters call the DAX 13 points lower at 12406, the CAC 40 down 5 points at 5272, and
the FTSE 100 13 points lower at 7202. 
    (Helen Reid)

 (Reporting by Danilo Masoni, Kit Rees, Julien Ponthus, Helen Reid)
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