European Factors to Watch-Equity futures fall, commodity stocks under pressure

martes 4 de agosto de 2015 02:27 GYT
 

(Adds futures prices, company news)

LONDON Aug 4 (Reuters) - European equity futures fell on Tuesday, with commodity shares under pressure from a recent drop in oil prices and lingering concerns over the state of the economy in China, which is the world's biggest metals consumer.

The euro zone's Euro STOXX 50 futures contract fell 0.4 percent. Germany's DAX futures and France's CAC futures both fell 0.3 percent, as did those for Britain's FTSE futures.

European equities had risen on Monday, shrugging off a slump in the Greek stock market which re-opened after a five-week shutdown, as some strong corporate results supported the broader market.

There were some more decent earnings on Tuesday, with insurer AXA posting higher net profits, while fashion company Hugo Boss reported second-quarter sales that rose more than expected.

However, BMW AG's second quarter operating profit eased 3 percent on slowing China sales, leading the carmaker to caution that while it still expects new records for sales and pretax profit in the full year, earnings momentum was slowing.

------------------------------------------------------------------------------ > GLOBAL MARKETS-Asian shares shake off losses, oil firms > US STOCKS SNAPSHOT-Energy leads Wall St lower as oil tumbles > Nikkei edges down on China manufacturing data, Apple suppliers underperform > TREASURIES-Longer-dated yields slide on ISM data, inflation outlook > FOREX-Aussie lifted after RBA tones down, commodity currencies pressured > PRECIOUS-Gold closes in on 5-1/2-year low as US rate worries weigh > METALS-London copper struggles near six-year lows on growth concerns > Oil prices edge up after 5 pct fall, but outlook weak

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