LIVE MARKETS-Before the bell: futures steady, focus on Bayer, STOXX reshuffle

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BEFORE THE BELL: FUTURES STEADY, FOCUS ON BAYER, STOXX RESHUFFLE

European shares were set for a mixed start on Tuesday, with futures holding broadly steady despite a cryptocurrency selloff on Monday and a surge in Japanese bond yields that unsettled investors.

EuroSTOXX50 and DAX futures edged 0.2% higher, while FTSE futures slipped 0.1%, following a risk-off start to the month for global markets on Monday. Wall Street futures were slightly below par after modest losses in the previous session.

In corporate news, Bayer BAYGn.DE was in focus after the US administration urged the Supreme Court to take up its bid to curtail thousands of lawsuits claiming its Roundup weedkiller causes cancer. Its shares were indicated up over 7%.

Bilfinger GBFG.DE released new mid-term targets, pointing to an 8-9% core profit margin by 2030.

In M&A, sources told Reuters that Swiss food giant Nestlé NESN.S is working with Morgan Stanley to review options, including a potential sale, of its Blue Bottle Coffee chain.

The STOXX announced changes to its region-wide index, effective Dec. 22.

Verisure VSURE.ST, Quilter QLT.L, Airtel Africa AAF.L, De Longhi DLG.MI, Huber+Suhner HUBN.S and Asseco Poland ACPP.WA will join the index, replacing Diasorin DIAS.MI, Tate & Lyle TATE.L, LanxessLXSG.DE , SEB SEBF.PA, Hemnet HEM.ST and OcadoOCDO.L.

(Danilo Masoni)

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