European Factors-Futures lower as China woes spread
LONDON, July 27 (Reuters) - European equities were seen starting the week on a downbeat note, with futures trading lower after lingering fears over China's economic growth prospects and a sharp commodities sell-off rippling through global markets.
EuroSTOXX 50 futures were down 0.5 percent at 0626 GMT, with futures in Paris, Frankfurt and London falling broadly in line.
Stocks in Asia fell by around 1 percent and metals prices languished near multi-year lows.
Greek fears have receded, meanwhile, but this week may bring a new test for markets with the possible reopening of the Greek stock market, which might open on Tuesday after a one-month shutdown, official sources said.
The second-quarter earnings season offered up some more positive news, with Switzerland's UBS posting a bigger-than-expected jump in quarterly profits and bolstering its capital cushion. Reckitt Benckiser increased annual targets after a better-than-expected quarter and Philips also reporting forecast-beating profits.
The German IFO business climate data for July was due later on Monday.
The Swiss bank posted on Monday a bigger-than-expected jump in second-quarter net profit as it released results one day early following a newspaper report on the figures. Continuación...