European Factors to Watch-Shares seen higher, focus on commodities stocks

viernes 8 de abril de 2016 02:58 GYT


LONDON, April 8 (Reuters) - European equities were expected to open higher on Friday as a rise in prices of crude oil and metals was seen supporting resource-related stocks, although a pan-European index was on track for its fourth straight week of losses.

Oil prices advanced, lifted by firm economic indicators from the United States and Germany which could support fuel demand, but analysts warned that crude markets were threatened by another downturn because of ongoing oversupply.

Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.2 to 0.5 percent higher.

The pan-European FTSEurofirst 300 index ended 0.8 percent lower on Thursday after hitting a one-month low earlier in the session. The index, down about 10 percent so far this year, remained on track for its fourth straight week of losses.

On the macroeconomic front, German exports bounced back, rising more than expected in February, in a sign that foreign demand for goods from Europe's biggest economy is picking up again.


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