MORNING NEWS CALL REUTERS EMEA Edition Wednesday, May 17, 2017

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MARKET VIEW Financial spreadbetters expect London's FTSE 100 to open 24 points lower, Frankfurt's DAX to open 61 points lower and Paris' CAC to open 21 points lower.

U.S. share futures and the dollar tumbled in Asian trade after reports President Donald Trump asked then-FBI Director James Comey to end a probe into Trump's former national security advisor.

Oil prices fell after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia to extend output cuts.

MARKETS SNAPSHOT AS OF 0445 GMT S&P 500 Index Mini Futures: 2385.25; down 0.49 pct; 1.75 points DJIA Mini Futures: 20840.00; down 0.45 pct; 95.00 points Nikkei: 19812.52; down 0.54 pct; 107.30 points MSCI Asia, Ex-JP: 494.66; down 0.45 pct; 2.25 points EUR/USD: 1.1105; down 0.20 pct; 0.0023 points GBP/USD: 1.2930; down 0.10 pct; 0.0013 points USD/JPY: 112.49; up 0.56 pct; 0.63 points Spot Gold: $1243.06; up 0.54 pct; $6.66 US Crude: $48.21; down 0.92 pct; $0.45 10-Yr US Treasury Yield: 2.3003 pct; down 0.0260 points 10-Yr Bund Yield: 0.4275 pct; up 0.0030 points

GLOBAL TOP NEWS U.S. President Donald Trump asked then-FBI Director James Comey to end the agency's investigation into ties between former White House national security adviser Michael Flynn and Russia, according to a source who has seen a memo written by Comey.

Japan's core machinery orders fell short of expectations in March from the previous month and companies forecast a decline in in- vestment over April-June, underscoring the fragile nature of the country's export-driven economic recovery.

South Korea said it wanted to reopen communications with North Korea as new President Moon Jae-in seeks a two-track policy involving sanctions and dialogue with its reclusive neighbour to rein in its nuclear and missile programmes.

EUROPEAN COMPANY NEWS Britain is set to sell its remaining stake in Lloyds Banking Group, making the lender the first to re-emerge from British state owner- ship in a symbolic step for the country's recovering banking sector.

Chinese drugmaker Shanghai Pharmaceutical Holding Co Ltd said it was interested in a possible deal for Germany's Stada Arzneimittel AG, though it had not made any official offer.

Spain signalled on Tuesday that satellite business Hispasat is a strategic asset which will be monitored if its majority-owner Abertis is bought by Italy's Atlantia.

TODAY'S COMPANY ANNOUNCEMENTS AAK AB (publ) Annual Shareholders Meeting Acciona SA Annual Shareholders Meeting Adva Optical Networking SE Annual Shareholders Meeting Affimed NV Q1 2017 Earnings Call Ageas SA Annual Shareholders Meeting Altisource Portfolio Solutions SA Annual Shareholders Meeting Alzinova AB Annual Shareholders Meeting Basler AG Annual Shareholders Meeting MORNING NEWS CALL - EMEA EDITION May 17, 2017 bet at home com AG Annual Shareholders Meeting BioInvent International AB Annual Shareholders Meeting PLC Annual Shareholders Meeting Bouygues SA Q1 2017 Earnings Call BP PLC Annual Shareholders Meeting Holdings PLC HY 2017 Earnings Presentation - London British Land Company PLC FY 2017 Earnings Call C&C Group PLC FY 2017 Earnings Call Care Property Invest NV Annual Shareholders Meeting Cenkos Securities PLC Annual Shareholders Meeting Civitas Social Housing PLC Annual Shareholders Meeting PLC Annual Shareholders Meeting Coface SA Annual Shareholders Meeting Copperstone Resources AB (publ) Annual Shareholders Meeting Crossject SA Annual Shareholders Meeting Deutsche Boerse AG Annual Shareholders Meeting Enorama Pharma AB Annual Shareholders Meeting Eqs Group AG Annual Shareholders Meeting Erste Group Bank AG Annual Shareholders Meeting Group PLC Annual Shareholders Meeting Flow Traders NV Q1 2017 Earnings Release Fonciere Atland SA Annual Shareholders Meeting Fonciere Inea SA Annual Shareholders Meeting Greater Than AB Annual Shareholders Meeting Groupe Open SA Annual Shareholders Meeting GxP German Properties AG Annual Shareholders Meeting Idogen AB Annual Shareholders Meeting Iliad SA Annual Shareholders Meeting PLC Annual Shareholders Meeting PLC Annual Shareholders Meeting JZ Capital Partners Ltd FY 2017 Earnings Call Karolinska Development AB Q1 2017 Earnings Call KHD Humboldt Wedag Industrial Services AG Annual Shareholders Meeting Knot Offshore Partners LP Q1 2017 Earnings Call Kulmbacher Brauerei AG Annual Shareholders Meeting LEG Immobilien AG Annual Shareholders Meeting Morphosys AG Annual Shareholders Meeting MSC Group AB Annual Shareholders Meeting Network Capital Group Holding A/S Annual Shareholders Meeting Nischer Properties AB Annual Shareholders Meeting O'Key Group SA Oparating Results & Strategy Conference Call Ophir Energy PLC Annual Shareholders Meeting Paddy Power Betfair PLC Annual Shareholders Meeting Paris Realty Fund SA Annual Shareholders Meeting PEN Concept Group AB Annual Shareholders Meeting PLC Annual Shareholders Meeting Polygiene AB Annual Shareholders Meeting Premier Oil PLC Annual Shareholders Meeting Prime Living AB (publ) Annual Shareholders Meeting Prothena Corporation PLC Annual Shareholders Meeting Radiall SA Annual Shareholders Meeting Raiffeisen Bank International AG Q1 2017 Earnings Call Sektkellerei J Oppmann AG Annual Shareholders Meeting SGL Carbon SE Annual Shareholders Meeting Shareholder Value Beteiligungen AG Annual Shareholders Meeting Simcorp A/S Q1 2017 Earnings Call Software AG Annual Shareholders Meeting Somfy SA Annual Shareholders Meeting Sophos Group PLC FY 2017 Earnings Call Spago Nanomedical AB (publ) Annual Shareholders Meeting Sprint Bioscience AB Annual Shareholders Meeting SSE PLC FY 2017 Earnings Call Symrise AG Annual Shareholders Meeting Tethys Oil AB Annual Shareholders Meeting Thales SA Annual Shareholders Meeting UBM PLC Annual Shareholders Meeting Veloxis Pharmaceuticals A/S Q1 2017 Earnings Call Vitec Group PLC Annual Shareholders Meeting

2 MORNING NEWS CALL - EMEA EDITION May 17, 2017

Wilson Therapeutics AB Annual Shareholders Meeting Zotefoams PLC Annual Shareholders Meeting

ECONOMIC EVENTS (All times GMT) 0700 Austria HICP mm for Apr: Expected 0.2 pct; Prior 0.9 pct 0700 Austria HICP yy for Apr: Expected 2.3 pct; Prior 2.2 pct 0755 Iceland Deposit Rate: Prior 5.00 pct 0800 Italy Trade Balance EU for Mar: Prior 0.168 bln 0800 Italy Global Trade Balance for Mar: Prior 1.884 bln 0830 United Kingdom Claimant Count Unem Chng for Apr: Expected 7,500 Prior 25,500 0830 United Kingdom ILO Unemployment Rate for Mar: Expected 4.7 pct; Prior 4.7 pct 0830 United Kingdom Avg Wk Earnings 3M yy for Mar: Expected 2.4 pct; Prior 2.3 pct 0830 United Kingdom Avg Earnings (Ex-Bonus) for Mar: Expected 2.2 pct; Prior 2.2 pct

DEBT AUCTIONS Germany-Reopening of 29-year Government Debt Auction Portugal-Reopening of 6-month and 1-year Government Debt Auctions Sweden-Reopening of 5-year and 15-year Government Debt Auctions

PICTURE OF THE DAY

Britain's Prime Minister Theresa May meets the Nishkam Trust leadership team and pupils of Nishkam Primary School in Birmingham, May 16. REUTERS/ Dan Kitwood

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