European Factors to Watch-Shares seen higher, focus on earnings
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LONDON, April 19 (Reuters) - European equities were expected to set a new one-month high on Tuesday, tracking gains on Wall Street and in Asia, with a recovery in crude oil prices and some encouraging company results seen supporting the market.
At 0655 GMT, futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.2 to 0.5 percent.
Energy shares will be in focus after oil prices gained following an oil worker strike in Kuwait that cut huge amounts of crude out of the supply chain. The country's oil production fell to just 1.1 million barrels per day (bpd), down from 2.8 million bpd usually.
On the company updates front, Roche reiterated that it expects to achieve its full-year targets after sales during the first three months of 2016 rose 4 percent, while Danone said underlying first-quarter sales rose 3.5 percent, beating expectations.
European technology companies will also be in focus after International Business Machines, the world's largest technology services company, reported its worst quarterly revenue in 14 years, sending shares down nearly 5 percent in extended trading.
In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8 percent, after touching its highest intraday levels since November, while Japan's Nikkei stock index was up 3.7 percent, a day after it fell 3.4 percent as investors assessed the impact of earthquakes in southwestern Japan's Kyushu on manufacturers' supply chains.
In the United States, the Dow Jones industrial average climbed to a nine-month high on Monday as investors braced for a flurry of quarterly earnings reports through the week.
The pan-European FTSEurofirst 300 index hit a one-month high in the previous session before closing 0.4 percent higher at 1,355.26 points. Continuación...