European Factors to Watch-Shares seen higher, focus on earnings

martes 26 de abril de 2016 02:56 GYT

(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 26 (Reuters) - European shares were expected to climb higher on Tuesday after falling for three sessions in a row, with some better-than-expected company results seen supporting the market.

Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.4 to 0.6 percent higher.

On the earnings front, aerospace and defence group Safran posted a 7.8 percent increase in first-quarter revenue to 4.24 billion euros; while Randstad, the world's second-largest staffing agency said core earnings grew 10 percent in the first quarter.

However, British oil major BP reported an 80 percent year on year fall in core earnings for the first quarter, but the result was better than analysts had expected.

According to Thomson Reuters StarMine data, 16 percent companies in the STOXX Europe 600 have reported results so far, of which half have met or beaten analyst forecasts.

The pan-European FTSEurofirst 300 index, which hit a three-month peak last week, closed 0.6 percent lower in the previous session.

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