European futures inch higher
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EUROPEAN FUTURES INCH HIGHER
European shares were set for a slightly higher start on Monday, following gains in Asia on Friday's strong U.S. jobs report and as investors kept pondering the implications of a Chinese recovery on the back of Beijing's stimulus measures.
EuroSTOXX50 and FTSE futures both rose around 0.3%. Wall Street contracts eased ahead of the start of the earning season this week with JPMorgan and BlackRock results due Friday.
In European corporate news, Reuters reported that BP BP.L has abandoned a target to cut oil and gasoutput by 2030 as its scales back the firm's energy transition strategy.
Still in energy, Shell's SHEL.L refining margins dropped sharply in Q3 from the previous quarter.
In M&A, the Adani Group is reportedly talks to buy the Indian cement operations of Heidelberg Materials HEIG.DE in a deal that could be worth about $1.2 billion.
Rio Tinto RIO.L is in talks to buy lithium producer Arcadium Lithium ALTM.N.
Cartier owner Richemont CFR.S has agreed to sell its Yoox Net-A-Porter online fashion and accessories business.
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