(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 23 (Reuters) - European stocks were seen opening slightly lower on Wednesday, having retreated in the previous session after deadly attacks in Brussels hit travel, leisure and luxury goods stocks.
Financial spreadbetters expected Britain’s FTSE 100 to open down by 13 points, or 0.2 percent lower. Germany’s DAX was seen down by 10 points, or 0.1 percent lower, while France’s CAC was seen down by 2 points, or flat in percentage terms.
The pan-European FTSEurofirst 300 index closed down 0.1 percent on Tuesday.
Credit Suisse Group is stepping up cost cuts including eliminating 2,000 jobs at its Global Markets business to better weather challenging market conditions, Switzerland’s second-biggest bank said on Wednesday.
French drugmaker Sanofi and U.S. partner Regeneron said a late-stage study of their Praluent injection showed it reduced the need for patients with an inherited form of high cholesterol to have bad cholesterol removed from their blood.
Kentucky sued Volkswagen AG and its luxury units on Tuesday claiming the German automaker’s diesel emissions cheating scheme violated the state’s Consumer Protection Act.
------------------------------------------------------------------------------ > GLOBAL MARKETS-Asian shares resilient as economic optimism offsets terror-attack concerns > US STOCKS-Wall St down but pares losses after Brussels blasts > TREASURIES-Yields rise as Fed’s Evans notes U.S. growth > FOREX-Dollar steadies on Fed rate talk, sterling options soar > PRECIOUS-Spot gold slips as dollar gains dampen safe-haven trade > METALS-London copper steady, signs of China housing recovery support > Oil futures fall after API stockpile build reasserts glut concerns
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). In a real-time, multimedia format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.
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Mike Dolan, Markets Editor EMEA. (Reporting by Sudip Kar-Gupta)