European Factors to Watch-Shares set for lackluster open

jueves 21 de mayo de 2015 02:17 GYT
 

LONDON May 21 (Reuters) - European shares were seen opening lower on Thursday, broadly tracking Asia and Wall Street, after minutes from last month's Federal Reserve meeting offered little to alter market expectations of the timing of an interest-rate hike.

At 0610 GMT, EuroSTOXX 50 index futures, German DAX futures and French CAC 40 futures were all down 0.3 percent. UK FTSE futures were flat.

Data also showed that manufacturing activity in Asia's top two economic powerhouses remained stuck in low gear in May, though an absence of inflation pressures suggested that authorities could inject yet more stimulus if needed.

On the European economic data front, traders awaited preliminary manufacturing and services PMI numbers for France and Germany for May, as well as UK retail sales.

"(There is) some concern that the recent recovery seen in some of the Q1 data could start to plateau in Q2," said Michael Hewson, analyst at CMC Markets.

Germany's Deutsche Bank is set to hold what promises to be a stormy annual general meeting later on Thursday after reshuffling its management board, consolidating restructuring authority under co-Chief Executive Anshu Jain while bidding farewell to retail banking head Rainer Neske.

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