European Factors to Watch-Shares seen inching up at the open

viernes 29 de mayo de 2015 02:29 GYT
 

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LONDON May 29 (Reuters) - European shares were indicated to inch higher at the open on Friday, keeping within their recent range, as investors awaited developments in Greek debt talks amid mixed signals from the parties involved.

At 0623 GMT, futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE indexes were up between 0.2 percent and 0.3 percent.

The Euro STOXX 50 is down 0.8 percent for the week so far, which has been marked by uncertainty surrounding Greece's negotiations with its international lenders.

Greece's government intends to reach an agreement on a cash-for-reforms deal by Sunday, its spokesman said on Thursday, even as euro zone officials suggested a deal was far from imminent and the head of the International Monetary Fund was quoted as saying the country could fall out of the bloc.

Investors were also awaiting economic data from the euro zone and the United States as they tried to gauge the pace of an uneven global economic recovery and the timing of any future rate hike by the Federal Reserve.

Lending and money supply figures for the currency club were set to be published at 0800 GMT, followed by the final Italian GDP reading for the first quarter an hour later.

U.S. economic output and inflation data was set to come out at 1230 GMT, followed by the U.S. Chicago PMI and University of Michigan sentiment at 1345 and 1400, respectively.

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