European Factors to Watch-Shares seen opening lower

lunes 21 de marzo de 2016 02:14 GYT

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). See the bottom of the report)

LONDON, March 21 (Reuters) - European stocks were seen opening lower on Monday, weighed down by weaker oil prices and a pullback on most Asian markets.

Financial spreadbetters expected Britain's FTSE 100 to open down by 31 points, or 0.5 percent lower. Germany's DAX was seen down by 34 points, or 0.3 percent lower, while France's CAC was seen down by 24 points, or 0.5 percent lower.

Most Asian stock markets slipped on Monday after three consecutive weeks of gains as a retreat in oil prices made investors cautious, although losses were tempered by hopes that China may soon cut interest rates again as pressure on the yuan eases.

Top Chinese officials said on Sunday that China's economy was showing signs of improvement while capital outflows from the country were moderating, as they sought to shore up fragile investor confidence after recent market volatility.

Chinese stocks also rose on Monday after the state margin lender said if would resume some short term lending businesses and cut borrowing costs for brokerages.


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