European Factors to Watch-European shares set to follow Asia lower

martes 5 de abril de 2016 02:17 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, April 5 (Reuters) - European stocks were set to fall on Tuesday, tracking Asian shares lower after renewed selling in oil and mixed messages from the Fed hit appetite for risk-sensitive assets such as equities.

Futures on the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.5-1.2 percent lower

In Asia, shares and other riskier assets were pressured by slumping crude oil prices and mixed messages from Federal Reserve policymakers on the outlook for U.S. interest rate rises.

Energy shares could be in focus after oil prices extended losses from the previous two sessions on weakening demand for gasoline and on concerns the global crude glut could persist for some time.

"Oil is likely to remain volatile though as the prospect of a coordinated production freeze becomes increasingly less likely," Craig Erlam, senior market analyst at OANDA, said in a note.

Banks may also be in focus. HSBC and Credit Suisse, two of the world's largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. France's Societe Generale also sought to distance itself from a massive data leak exposing possible tax evasion.