European Factors to Watch-Shares seen opening lower, focus on BOJ and Fed
LONDON, March 15 (Reuters) - European shares were expected to open lower on Tuesday, mirroring weaker commodity prices and losses in Asia where stocks slipped after the Bank of Japan held policy steady and offered a bleaker view of the country's economy.
The BOJ also removed language from its statement that it would cut rates further into negative territory if needed, a little more than six weeks after it shocked markets by adopting minus rates in stepped up efforts to revitalise growth and stoke inflation.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 percent, while Japan's Nikkei was down 0.7 percent.
In Europe, futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were down 0.5 to 0.6 percent.
Commodities-related stocks will be in focus after oil prices fell on lingering concerns about oversupply and copper dropped as the dollar maintained its strength ahead of a slew of central bank meetings this week.
Up next on the central bank roster is the U.S. Federal Reserve on Wednesday and the Bank of England and the Swiss National Bank on Thursday.
The Fed is unlikely to raise rates this week but it will likely make clear that as long as U.S. inflation and jobs continue to strengthen, economic weakness overseas won't stop rates from rising fairly soon.
The pan-European FTSEurofirst 300 index closed 0.7 percent higher in the previous session, while major U.S. share indexes ended almost flat.