European Factors to Watch-European equity futures rise
(Adds futures prices, more company news items)
LONDON May 19 (Reuters) - European equity futures advanced on Tuesday, driven by gains overnight in U.S. stocks although lingering uncertainty over Greece's debt situation could cap the market's progress.
Futures for the euro zone's blue-chip Euro STOXX 50 index, Germany's DAX futures and France's CAC futures all rose between 0.4-0.6 percent.
Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month, the country's finance minister said on Monday, as worries persist over a possible bankruptcy.
Greece's labour minister on Tuesday said Athens would soon conclude a deal with its foreign creditors that could unlock further loans to the country amid a liquidity squeeze.
Asked on Greek TV by when Athens would reach the cash-for-reform deal, Labour Minister Panos Skourletis said: "De facto, in the coming days."
Concerns over Greece have weighed on the euro currency, although European stocks themselves have proven relatively resilient to the Greek situation so far, partly because the weakness of the euro this year has benefited European exporters. > GLOBAL MARKETS-Asian shares shrug off losses, Greek woes pressure euro > US STOCKS-Dow, S&P close at record highs as rate-hike angst abates > Nikkei rises to 3-week high on Wall St, higher shareholder returns > TREASURIES-U.S. bond prices skid on profit-taking, stocks' rally > FOREX-Dollar supported by higher yield, Greek anxiety weighs on euro > PRECIOUS-Gold eases from 3-mth high on profit-taking, dollar gains > METALS-Copper slips as dollar regains ground, China PMI eyed > Brent crude oil extends losses; U.S. prices up on summer demand
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