European Factors to Watch-Shares seen up on comments from central bankers
(Adds futures, company news, details)
LONDON Aug 25 (Reuters) - European shares were likely to open sharply higher on Monday, with sentiment improving after comments by European Central Bank President Mario Draghi raised expectations of further policy easing by the bank.
Draghi, speaking at a global central banking conference in Jackson Hole, Wyoming, said late on Friday the bank was prepared to respond with all its "available" tools should inflation drop further.
"Draghi made headlines after suggesting further stimulus could be on the way. He feels action may be needed to boost demand in Europe, and this will see markets start to price in probability for further stimulus in the near term," IG strategist Stan Shamu said in a note.
Also in a speech at the Jackson Hole conference, the Federal Reserve's chair Janet Yellen laid out in detail why she feels the unemployment rate alone was inadequate to evaluate the strength of the jobs market and why the central bank needed to move cautiously on raising rates.
At 0652 GMT, futures for the Euro STOXX 50, Germany's DAX and France's CAC were 1.1 to 1.2 percent higher.
However, trading volumes were likely to be thin as the UK market was closed for a public holiday on Monday.
In mergers and acquisitions news, Roche Holding has agreed to buy U.S. biotech company InterMune for $8.3 billion in cash, marking the latest multibillion-dollar deal in a consolidating pharmaceutical sector.
And Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die Welt reported on its website on Friday, citing industry sources. Airbus declined to comment. Continuación...