European Factors to Watch-Shares seen edging higher

jueves 21 de agosto de 2014 02:54 GYT
 

LONDON Aug 21 (Reuters) - European equities were expected to open slightly higher on Thursday, tracking gains in U.S. stocks following the release of the minutes from the Federal Reserve's July meeting, although progress was likely to be capped by disappointing data from China.

Miners are likely to come under pressure as a manufacturing survey from China, the world's biggest metals consumer, raised concerns about the economy. The HSBC/Markit Flash China Manufacturing Purchasing Managers' Index (PMI) fell to 50.3 in August from July's 18-month high of 51.7, badly missing a Reuters forecast of 51.5.

At 0650 GMT, futures for Euro STOXX 50, UK's FTSE 100, Germany's DAX and for France's CAC were 0.1 to 0.2 percent higher.

U.S. share indexes rose as much as 0.4 percent on Wednesday after minutes from the Fed's July 29-30 meeting showed that most Fed officials wanted more evidence before changing their view on when rates should rise.

Investors' focus will shift to the annual meeting of top central bankers in Jackson Hole from Thursday through Saturday. Fed Chair Janet Yellen is likely to acknowledge that while data has generally been supportive, she remains concerned about slack in the labor market. She will speak on Friday.

On the earnings front, the picture remained mixed. Dutch supermarket group Ahold reported weaker-than-expected operating profit for the second quarter, while Swiss dental implant maker Nobel Biocare saw its net profit almost doubling in the second quarter.

Investors awaited a slew of data releases later in the session for hints about the market's near-term direction. Many will focus on flash Purchasing Managers' Index (PMI) data from both Germany and France, retail sales numbers from the United Kingdom and initial jobless claims figures from the United States.

------------------------------------------------------------------------------ > ASIA SHARES SLIP AS CHINA DISAPPOINTS, JAPAN BUCKS TREND > US STOCKS-DOW, S&P 500 RISE AFTER FED MINUTES REASSURE ON RATES > NIKKEI RISES TO 3-WK HIGH AS FED MINUTES HURT YEN, BUOY EXPORTERS > TREASURIES-YIELDS CLIMB TO ONE-WEEK PEAKS ON FED MINUTES > DOLLAR SURGES ON HAWKISH-SOUNDING FED, AUSSIE HIT BY CHINA PMI > GOLD EXTENDS LOSING STREAK; TRADES AT 2-WK LOW ON STRONG DOLLAR > LONDON COPPER STAYS AROUND $7,000 AS CHINA FACTORY GROWTH SLOWS > BRENT EDGES DOWN TO $102, NEAR 14-MONTH LOW, ON CHINA CONCERNS

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