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European (SXXP) stock futures dropped, indicating the Stoxx Europe 600 Index will trim a six-month high, as Greece neared a deadline on a funding agreement. U.S. index futures fell, while Asian shares rose.
Rio Tinto Group, the world’s third-biggest mining company, may be active after its shares advanced in Australian trading as the Sunday Times reported that the company is expected to boost its dividend. European (SXXP) Aeronautic, Defence & Space Co. may be active after Die Welt reported that the company will increase earnings and airplane deliveries this year, citing an interview with chief financial officer Hans Peter Ring.
Futures on the Euro Stoxx 50 Index slipped 0.5 percent to 2,502 at 7:21 a.m. in London. Futures contracts on the Standard & Poor’s 500 Index expiring in March slid 0.4 percent, while FTSE 100 Index futures expiring the same month declined 0.2 percent. The MSCI Asia Pacific Index climbed 0.5 percent.
Euro-area leaders maintained pressure on Greece to accept terms demanded by international lenders during a weekend of talks to avert a financial collapse. Greece’s interim Prime Minister Lucas Papademos struck a tentative deal with party leaders to boost economic competitiveness and extend spending cuts after euro-area finance chiefs told them an increase in the 130 billion-euro ($170 billion) aid package wasn’t forthcoming.
 The leaders in Athens will meet today aiming to complete an accord as international creditors imposed an 11 a.m. deadline in Athens for a final deal. Greece’s Finance Minister Evangelos Venizelos told reporters on Feb. 4 that negotiations in Athens for more funding hung “on a razor’s edge.” In Paris, German Chancellor Angela Merkel and French President Nicolas Sarkozy meet today for a joint Cabinet meeting.
European stocks last week climbed 3.6 percent as a U.S. payrolls report showed the world’s biggest economy added 243,000 jobs in January, beating a median estimate in a Bloomberg News survey of economists of 140,000 jobs..
Rio Tinto might move after advancing 2.6 percent in Sydney after the U.K.-based Sunday Times said that the company is expected to boost its dividend by as much 40 percent, without citing anyone. BHP Billiton may be active after the world’s largest mining company climbed 1.6 percent in Australian trading.
EADS might move after CFO Ring said that the parent company of Airbus will increase sales by 4 percent and earnings before interest and taxes excluding some items will exceed 1.45 billion euros, according to a report in Die Welt.
To contact the reporter on this story: Peter Levring in Copenhagen at plevring1@bloomberg.net
(Blomberg) Source
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