European Factors to Watch- Shares seen opening mixed
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LONDON, April 25 (Reuters) - European stocks were seen opening mixed on Monday, continuining to consolidate after a strong week of gains which saw a top pan-European index hit three-month highs.
Futures on the Euro STOXX 50 were flat. Futures on the German DAX and the British FTSE were up 0.1 percent, while futures on the French CAC fell 0.2 percent.
The FTSEurofirst 300 hit its highest level since January on Thursday, before falling 0.4 percent on Friday. The index remained up 1.6 percent for the week - its second straight weekly rise.
On Monday, Asian shares dropped on Monday as investors took profits from the currency's recent gains ahead of central bank meetings in the United States and Japan this week.
Attention will be increasingly focused on European earnings season as it gathers steam, although only a handful of companies reported numbers on Monday.
Dutch medical equipment and services company Philips beat earnings expectations, and said it will likely seek an initial public offering of shares for its lighting division, which would be the world's largest lighting maker as a standalone company.
On the data front, the German IFO was due at 0800 GMT, with the business climate index seen rising, according to traders.