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(AFX UK Focus)
2008-11-03 07:43
EMERGING EUROPE STOCKS - Factors to Watch Nov 3 |
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WARSAW, Oct 31 (Reuters) - Here are news stories, press reports and events to watch which may affect Central/Eastern Europe's financial markets on Monday.
ORCO Orco Property Group is considering halting some of its planned project due to difficulties with raising financing, a deputy chief was quoted as saying by Hospodarske Noviny.
TRANSELECTRICA Romanian power grid operator Transelectrica will indefinitely delay plans to list an additional 10 percent stake on the bourse because of unfavourable contitions on capital markets, Ziarul Financiar reports.
BANCA TRANSILVANIA Romania's fourth largest bank Banca Transilvania hired Merrill Lynch as a consultant for its sale, daily Ziarul Financiar reports, citing banking sources.. Another financial daily, Business Standard, says Banca Transilvania's board president Horia Ciorcila denied talks about a potential sale.
ALTEX Romanian retailer Altex revised its 2008 sales forecast to 360-370 million euros from an initial 430 million euros, mostly due to a decrease in Romania's consumption, Ziarul Financiar reports. INA, MOL The Croatian government has postponed talks with Hungary's MOL on a sale or swap of shares in Croatian oil group INA, where the Hungarian company is the biggest single shareholder and seeking a majority.
JW CONSTRUCTION J.W. Construction Poland's largest homebuilder, has abandoned its results forecast for 2008 due to the more restrictive lending policy of banks, the company said in a statement late on Friday.
EUROPEAN MARKETS European shares were set to open higher on Monday, tracking gains in the U.S. market in the previous session and in Asia on Monday, on hopes that recent measures to help the financial sector would calm jitters. Financial bookmakers in London expected Britain's FTSE 100 to open 68 to 84 points higher, or up nearly 2 percent, Germany's DAX to open 95 to 123 points up, or as much as 2.5 percent, and France's CAC-40 to open 45 to 57 points up, or as much as 1.6 percent higher. For the latest news on European markets, double click
WALL STREET Wall Street hopes to turn a new page as it heads into November, but this week is littered with hurdles ranging from the U.S. presidential election to a likely gloomy jobs report. Traders were more than happy to see the back of October, one of the worst months in history for the broader market, and took heart from the fact that it ended with one of the best weeks on record. For latest Wall Street news, double click
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