European Factors to Watch-Shares seen opening flat
(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 14 (Reuters) - European stocks were seen opening flat on Thursday, with gains on Asian and U.S. markets expected to keep European equities near their highest level in a month.
Spreadbetters at IG expected Britain's FTSE to open up 3 points, or flat in percentage terms. France's CAC was also seen up by 1 points - flat in percentage terms - while Germany's DAX was seen up by 9 points, or 0.1 percent higher.
The pan-European FTSEurofirst 300 index rose 2.6 percent on Wednesday to reach its highest level since mid-March.
Retailer Casino posted forecast-beating first-quarter sales on Thursday that reflected an improved performance in its core French market thanks to cost cuts, while a decline in consumer electronics demand in recession-hit Brazil slowed. Casino has come under pressure from U.S. activist investor Muddy Waters and ratings agency Standard & Poor's, which cut its debt to junk status last month due notably to weakness in Brazil.
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