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SPAIN DAYBOOK: Treasury Sells Bonds, Labor Ministry Jobless Data

Nov. 3 (Bloomberg) -- Spain’s Treasury aims to sell as much as 4.5 billion euros ($6.2 billion) of bonds due in 2014 and 2016 while the Labor Ministry publishes registered jobless data.

WHAT TO WATCH: *The Spanish Treasury holds a bond auction with results due at about 10:45 a.m. CET. *The European Central Bank holds rate-setting meeting, with decision announced at 1:45 p.m. *Merkel, Sarkozy and EU officials meet on Greece at 5:30 p.m. in Cannes, followed by a meeting with Greek Prime Minister George Papandreou at 8:30 p.m.

ECONOMY: *Spain’s Labor Ministry releases registered unemployment data for October at 9 a.m. *European leaders for the first time raised the prospect of the euro area splintering late yesterday, saying Greece’s December referendum on the terms of a bailout package is a vote on whether to stay in the currency union. *Alfredo Perez Rubalcaba, the Socialist candidate in Spain’s general election and former deputy prime minister, called on the ECB to cut interest rates to boost growth in the single currency area’s most-troubled economies, El Pais reported.

EQUITIES: *International Consolidated Airlines Group has begun “detailed talks” with Lufthansa about buying BMI unit and may conclude an outline deal to buy Lufthansa’s loss-making U.K. subsidiary this month, FT reports, cites unnamed people familiar with the situation. *Natraceutical SA said in a filing its stake in Naturex dropped to 20.7 percent after it didn’t take part in a capital increase and it sold shares. The Valencia, Spain-based Natraceutical is also in talks with lenders to pay down debt using the 20.2 million euros it obtained from the share sale, the company said.

MARKETS: *The IBEX 35 Index dropped 0.1 percent to 8,574.5. *The spread between Spanish and German 10-year borrowing costs narrowed to 363.6 basis points.

Link to Company News:{1841Z SM <Equity> CN <GO>} Link to Company News:{NTC SM <Equity> CN <GO>} Link to Company News:{IAG LN <Equity> CN <GO>}

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Emma Ross-Thomas at erossthomas@bloomberg.net

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