European Factors to Watch-Equity futures climb higher

lunes 17 de agosto de 2015 02:04 GYT
 

(Adds futures prices)

LONDON Aug 17 (Reuters) - European equity futures rose on Monday, as gains in the U.S. stock market offset lingering worries over the state of the Chinese economy.

The euro zone's Euro STOXX 50 futures contract rose 0.5 percent, while futures contracts for Britain's FTSE, Germany's DAX and France's CAC also rose by 0.4-0.7 percent.

"European markets have decided to shrug off the soft Asian session overnight and instead take their cue from the U.S.," said London Capital night dealer Jonathan Sudaria in a note.

The pan-European FTSEurofirst 300 index had fallen 0.1 percent on Friday to record a loss of 3 percent over the week - its worst weekly performance since early July - as concerns over the impact of China's currency devaluation impacted global stock markets.

Worries over China weighed on copper prices on Monday, while oil prices also slipped back.

German Chancellor Angela Merkel also tried to reassure sceptical lawmakers on Sunday that the International Monetary Fund would take part in a new bailout for Greece, before a parliamentary vote in which many of her conservatives may break ranks and reject the rescue. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asia dragged down by sagging China stocks, dollar holds gains > US STOCKS-Wall St edges up after upbeat data, Greek bailout agreement > Nikkei rises after GDP contraction not as bad as expected > TREASURIES-Short-term yields edge up as Fed rate hike expectations increase > FOREX-Dollar tries to shake off yuan scare, yen shrugs off Japan's GDP slump > PRECIOUS-Gold holds up as yuan fears keep safe-haven draw > METALS-London copper slides as worries over China's economy persist > Oil prices drop on shrinking Japan economy, more US drill rigs

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