European Factors to Watch-Shares seen steady at open before ECB meeting

jueves 10 de marzo de 2016 03:16 GYT
 

* Adds futures prices, company news items

LONDON, March 10 (Reuters) - European stocks were expected to be steady at the open on Thursday, with the prospect of more monetary stimulus measures from the European Central Bank (ECB) expected to prop up equities.

Futures on the Euro STOXX 50, Germany's DAX and Britain's FTSE were all flat, while futures on France's CAC rose 0.1 percent.

The pan-European FTSEurofirst 300 index closed up 0.5 percent on Wednesday.

The European Central Bank is set to unveil its second stimulus cocktail in three months on Thursday, spurred by fears that low energy costs are feeding into wages and prices, potentially perpetuating ultra-low inflation.

The euro zone's central bank is widely expected to cut its deposit rate deeper into negative territory and adjust its 1.5 trillion euro asset-buying scheme, hoping to boost prices after inflation dipped back into negative territory last month.

China's February consumer inflation numbers beat forecasts, although the data contributed to a fall in Chinese stocks.

While the food-driven consumer price increase is likely to be welcomed by regulators worried that China could fall into a deflationary trap, some economists expect upward price pressures in the months ahead to be modest.

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