European Factors to Watch-Shares seen opening slightly lower
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LONDON, April 12 (Reuters) - European stocks were seen opening slightly lower on Tuesday, with weak-looking results from Alcoa potentially weighing on mining stocks.
Spreadbetters at IG expected Britain's FTSE 100 to open down by around 9 points, or 0.2 percent lower. Germany's DAX was seen down by open 7 points, or 0.1 percent lower, while France's CAC was seen down by 11 points, or 0.3 percent lower.
Metals company Alcoa Inc on Monday reported a lower quarterly profit, with results hurt by low commodity prices, the strong U.S. dollar and plant closures or divestments, but the company's top executive said he expected aluminum demand to grow faster than supply this year.
Alcoa also lowered its 2016 outlook for global sales in the aerospace industry, and its shares fell 5 percent in after-hours trading.
Givaudan, the world's biggest fragrance and flavours maker, on Tuesday confirmed its mid-term targets as it posted first-quarter sales numbers in line with analysts' expectations. Continuación...