European Factors-Shares seen mixed after holiday weekend
LONDON May 26 (Reuters) - Stock markets were seen opening on a mixed note in Europe on Tuesday, the first day of the trading week for several countries after a holiday weekend, with Greece's ongoing debt drama in focus and after a poor local election result for Spanish Prime Minister Mariano Rajoy.
At 0643 GMT, EuroSTOXX 50 futures were down 0.5 percent, though German DAX futures and French CAC futures were up 0.3 percent and FTSE futures were flat.
Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan instalment falling due next week.
Meanwhile, in Spain, a battering in local polls has cast doubt on Rajoy's plan that an economic recovery will secure him a second term later this year.
European shares fell on Monday, with Athens' main equity index falling 3.1 percent and Spain's IBEX down 2 percent. Trading volumes were thin with the London, Frankfurt and New York stock markets shut for public holidays.
Deal-making in the telecoms sector was set to make news again this week, with Franco-Israeli billionaire Patrick Drahi's Altice battling Charter Communications for control of Time Warner Cable and with investors encouraging Vodafone to spin off assets and seek a merger.
Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. Continuación...