European Factors to Watch-Shares seen taking a breather near multi-year highs

martes 24 de febrero de 2015 03:19 GYT
 

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LONDON Feb 24 (Reuters) - European shares were seen opening flat to slightly higher on Tuesday, with mining shares in focus after better-than-expected results from BHP Billiton.

Futures for the Euro STOXX 50 equity index, Germany's DAX, Britain's FTSE 100 and France's CAC were between flat and 0.1 percent higher at 0718 GMT.

Shares in BHP Billiton rose in Australia on Tuesday after the global miner beat market forecasts by posting a smaller-than-expected 31 percent drop in half-year profit and flagged further belt tightening to withstand a collapse in the price of all its main products.

Telefonica Deutschland was indicated to open 2.2 percent higher after it said it expected to generate 250 million euros ($283.40 million) in synergies this year from the acquisition of E-Plus.

Banking shares were set to be in focus after the Wall Street Journal reported the U.S. Department of Justice and the Commodity Futures Trading Commission are investigating at least 10 major banks, including HSBC, Barclays and Credit Suisse Group, for possible rigging of precious-metals markets.

Greek stocks, due to reopen at 0830 GMT after a three-day weekend, will have a chance to react to a deal, struck late on Friday, to extend the country's financial rescue package. Athens will present its economic reform plans to the euro zone on Tuesday.

The pan-European FTSEurofirst 300 index closed at a seven-year high on Monday, boosted by the Greek deal, and Germany's Dax set an all-time high.

Stronger domestic demand drove growth in Europe's largest economy in the fourth quarter while foreign trade and gross capital investment also helped, data from Germany's Federal Statistics Office showed on Tuesday.   Continuación...