European Factors to Watch-Shares to extend bounce, DB seen up

lunes 10 de febrero de 2014 03:40 GYT

LONDON Feb 10 (Reuters) - European stocks were seen opening higher on Monday, extending their bounce from oversold territory as investors continued bet on a gradual recovery in the global economy.

At 0733 GMT, futures for the Euro STOXX 50, Britain's FTSE 100 , Germany's DAX and France's CAC were up 0.3-0.4 percent.

Deutsche Bank was indicated to be among top gainers on the Dax as sources with knowledge of the matter told Reuters the bank is getting closer to settling a long-running lawsuit with the heirs of late media mogul Leo Kirch, who blame the lender for the downfall of his business.

The pan-European FTSEurofirst 300 index rose 0.8 percent on Friday, helped by upbeat comments from bellwether steelmaker ArcelorMittal on its outlook for Europe. The index has risen nearly 40 percent since June 2012.

Encouraged that Wall Street was able to weather a seemingly disappointing U.S. jobs report on Friday, most Asian markets made gains on Monday, led by Tokyo's Nikkei.

"Markets will kick off the week much as they left off last week, with a calmer and more constructive tone likely," strategists at Credit Agricole wrote in a note.

A selloff in emerging market assets, fuelled by signs of a slowdown in China and a range of issues in other countries, had pushed the Dax and FTSE indexes to their most overbought levels in many months last week.   Continuación...