European Factors to Watch-Equity futures slip lower

jueves 6 de agosto de 2015 02:43 GYT

(Adds company news item)

LONDON Aug 6 (Reuters) - European equity futures fell on Thursday, with media shares expected to come in the spotlight after an overnight fall in the shares of Disney after Disney cut profit forecasts for its cable networks unit.

The euro zone's blue chip Euro STOXX 50 futures fell 0.5 percent. Germany's DAX futures also declined 0.5 percent, France's CAC futures fell 0.5 percent while Britain's FTSE 100 futures fell 0.5 percent.

Many investors will also be on the lookout for further signs of possible interest rate rises coming soon in the United States and Britain.

The Bank of England is likely to say on Thursday that its policymakers have split over interest rates, adding to expectations it is heading for its first increase in borrowing costs in nearly a decade.

Some better-than-expected U.S. economic data this week has also backed views that the U.S. will raise rates in September. The prospect of rising rates can often cause stocks to fall, as higher rates boost returns on cash and bonds, and can lead to bigger interest bills for companies listed on the stock market.

European stock markets had risen on Wednesday, buoyed by solid corporate results from the likes of French bank Societe Generale.

Deutsche Telekom and Belgian financial group KBC both reported higher profits on Thursday, although Deutsche Post cut its profit target.

According to data from Thomson Reuters StarMine, 59 percent of companies on the European STOXX 600 index have beaten or met market expectations with results this quarter. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asia shares drop, dollar firm; U.S. data signals Sept hike > US STOCKS-Tech leads Nasdaq, S&P 500; Disney sparks media selloff > Nikkei gains on a weaker yen, earnings forecasts divide fortunes > TREASURIES-Longer-dated yields rise on Fed rate hike skepticism > FOREX-Dollar edges down but close to highs, sterling awaits BOE update > PRECIOUS-Gold stuck near 2010 low as data backs Sept Fed hike view > METALS-London copper up on China data, aluminium recovers from 6-yr low > Oil hovers near multi-month lows, Brent below $50   Continuación...