European Factors to Watch-Shares seen opening lower, miners in focus

martes 8 de marzo de 2016 03:32 GYT

(Adds futures prices, company news)

LONDON, March 8 (Reuters) - European shares were set to fall for a second straight day on Tuesday, with a sharp drop in industrial metals prices following poor trade data from China, the world's top metals consumer, seen putting pressure on the mining sector.

China's February trade performance was far worse than economists had expected, with exports tumbling the most in over six years, days after top leaders sought to reassure investors that the outlook for the world's second-largest economy remains solid.

Exports fell 25.4 percent from a year earlier, twice as much as markets had feared as demand skidded in all of China's major markets, while imports slumped 13.8 percent, the 16th straight month of decline.

Futures for the Euro STOXX 50, Germany's DAX , France's CAC and Britain's FTSE were all down by between 0.7 and 0.8 percent.

The pan-European FTSEurofirst 300 index, which reached one-month highs on Friday after three straight weeks of gains, closed 0.3 percent lower in the previous session.


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