European Factors to Watch-European equity futures rise

miércoles 29 de julio de 2015 02:23 GYT

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LONDON, July 29 (Reuters) - European equity futures rose on Wednesday, helped by a slight stabilisation in the hard-hit Chinese stock market although many investors were also expected to refrain from taking big positions before a policy statement from the U.S. Federal Reserve.

Futures for the euro zone's blue-chip Euro STOXX 50 index rose 0.3 percent, as did Germany's DAX futures. Britain's FTSE 100 futures advanced 0.4 percent while France's CAC futures moved up by 0.2 percent.

Asian shares were mostly higher on expectations that China could stem the rout in its markets without damage to its economy, while the Fed ends a two-day policy meeting later on Wednesday.

No move on U.S. interest rates is expected this week, while Fed Chair Janet Yellen has neither ruled out a September hike nor guided the market towards thinking it was a done deal in recent congressional testimony.

European shares had rebounded on Tuesday, with a key equity index ending a five-day losing streak, after some strong company results and corporate takeover activity lifted the region's stock markets.

There was further evidence of takeover activity on Wednesday as Belgian chemical group Solvay will buy peer Cytec in a deal valuing the U.S. company and its debt at $6.4 billion.

The Greek stock market will also re-open this week after having been shut since late June due to capital controls imposed by the Greek government as it grapples with debt and economic difficulties. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asia stocks up as China steadies, wary of Fed > US STOCKS-Wall Street ends sharply higher as China jitters ebb > Nikkei edges lower as Fanuc, Tokyo Electron weigh; Fed in focus > TREASURIES-Prices dip as Chinese stocks stabilize, new issues loom > FOREX-Dollar eases vs yen ahead of Fed statement; kiwi edges up > PRECIOUS-Gold wedged below $1,100 ahead of Fed meeting outcome > METALS-London copper jumps as shorts rush for cover > Oil prices fall on oversupply concerns, weaker dollar support