European Factors to Watch-Equity futures drop back as Asian shares wobble

miércoles 26 de agosto de 2015 02:12 GYT

(Adds futures prices, company news items)

LONDON Aug 26 (Reuters) - European equity futures fell on Wednesday, with a wobble in Asian markets and a fall overnight on U.S. stock markets potentially muting the impact of a sharp rally in the previous session fuelled by a Chinese rate cut.

Futures on the euro zone's blue-chip Euro STOXX index were down by 1.6 percent. Germany's DAX futures fell 1.7 percent, Britain's FTSE 100 futures retreated 1.3 percent while France's CAC futures declined 1.2 percent.

The pan-European FTSEurofirst 300 index had risen 4.3 percent on Tuesday after the Chinese rate cut fuelled a recovery from a bruising 48-hour sell-off caused by concerns over China's economy, following Beijing's devaluation of its currency earlier in August and a stock market slump in the country.

However, persistent worries about a slowdown in China impacted oil and metal prices on Wednesday. -------------------------------------------------------------------------- > GLOBAL MARKETS-Asian shares wobble as China rate cut fails to calm nerves > US STOCKS-Wall Street rally goes up in smoke, indexes end lower > Nikkei jumps as bargain-hunting accelerates after China market calms > TREASURIES-U.S. bonds fall as safety bids abate on China's rate cut > FOREX-Dollar subdued after China easing fails to shore up Shanghai shares > PRECIOUS-Gold struggles even as equities drop further after China rate cut > METALS-Copper resumes decline as demand worries linger despite China move > Oil near 6-1/2 year lows as China economy fears linger



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