Banco Santander, Barclays, Vallourec: European Equity Preview
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index fell 1.7 percent to 274.78. The Stoxx 50 Index declined 1.6 percent to 2,575.75. The Euro Stoxx 50 Index (SX5E), a benchmark for nations using the euro, sank 2.1 percent to 2,794.26.
Banco Santander SA (SAN) : Spain’s largest lender may be among the active banking stocks as the country’s statistics agency is scheduled to release an update on banks’ mortgage-lending volume in March. The stock fell 1.7 percent to 7.77 euros.
Barclays Plc (BARC) : Spanish Prime Minister Jose Luis Rodriguez Zapatero is scheduled to meet the lender’s chief executive officer, Bob Diamond, in Madrid, according to the government agenda. The shares fell 2 percent to 268.25 pence.
Galp Energia SGPS SA (GALP PL): Manuel Ferreira de Oliveira, chief executive officer of Portugal’s biggest oil producer, said in an interview on Bloomberg Television that the companies “most interested” in becoming partners in its Brazilian unit are “mostly from the Far East.” The stock retreated 2.1 percent to 13.95 euros.
Grifols SA (GRF) : Europe’s largest maker of blood-plasma products is scheduled to hold a general shareholder meeting. The stock declined 0.8 percent to 13.40 euros.
Vallourec SA (VK) : The producer of steel pipes said it would acquire Saudi Seamless Pipes Factory Co., or Zamil Pipes, in Saudi Arabia for $135 million. The shares fell 1.1 percent to 85.99 euros.
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