European Factors to Watch-Equity futures fall

lunes 21 de marzo de 2016 03:08 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 equity futures fell on Monday, pointing to a weaker start for the region's stock markets given the impact of weaker oil prices and a pullback on most Asian markets.

Futures on the Euro STOXX 50, Germany's DAX France's CAC and Britain's FTSE were all down by around 0.4 percent by 0710 GMT.

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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