European Factors to Watch-Shares seen higher, focus on earnings

martes 28 de julio de 2015 02:41 GYT

(Updates futures prices, adds company news)

LONDON, July 28 (Reuters) - European equities headed for a higher open on Tuesday after falling in the previous five sessions, with some strong company results and mergers and acquisitions news seen supporting the market.

Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.4 to 0.7 percent higher at 0641 GMT.

Zurich Insurance said it was weighing up a bid for RSA Insurance Group, a British insurer with a market capitalization of 4.4 billion pounds ($6.85 billion)..

Norwegian oil major Statoil posted second-quarter adjusted operating profit better than forecasts and maintained its quarterly dividend, while French tyre maker Michelin announced solid gains in first-half sales and profit.

European equities dropped to a two-week low on Monday, recording their fifth straight daily decline, as fears for China's growth prospects overshadowed some forecast-beating results. The FTSEurofirst 300 index ended 2.2 percent lower at 1,529.77 points.

Shanghai stocks fell further on Tuesday even as Beijing pledged to lend further support after stocks sank 8 percent in the previous session, raising concerns about stability in the world's second-biggest economy.

Investors also awaited a two-day U.S. Federal Reserve meeting beginning later in the day, with some investors expecting that the central bank will make its case for hiking rates as early as September.