European Factors to Watch-Shares seen opening higher, focus on energy

miércoles 6 de abril de 2016 02:55 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 6 (Reuters) - European equities were expected to gain in early trading on Wednesday after steep declines in the previous session, with a bounce back in crude oil prices seen supporting energy stocks.

Crude oil futures jumped as hopes for an agreement among exporters to freeze output underpinned the market, although a persistent global oversupply and Iran's plans to boost production pressured physical oil prices.

Futures for the Euro STOXX 50, Germany's DAX , France's CAC and Britain's FTSE were 0.1 to 0.4 percent higher.

European shares fell on Tuesday to touch their lowest level in almost six weeks, with mining, autos and banking stocks leading the decline after industrial orders in Germany unexpectedly dropped. The pan-European FTSEurofirst 300 index fell 1.9 percent to its lowest level since Feb. 25.

Mining shares will also be in focus after activity in the service sector of China, the world's biggest metals consumer, strengthened in March, but employment fell for the first time in over 2.5 years, sending mixed signals.

In signs of improvement on the macroeconomic front, German industrial output fell less than expected in February after jumping in January, in a sign that the sector is likely to give Europe's largest economy a modest push in the first quarter of 2016.

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