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

martes 10 de mayo 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 May 10 (Reuters) - European shares were set to open higher on Tuesday, building on the previous session's gains, with a recovery in metals prices a day after heavy losses seen supporting miners, while some companies were seen up after their results.

Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.6 to 0.9 percent higher.

The pan-European FTSEurofirst 300 index rose 0.5 percent to 1,309.10 points in the previous session, although it remains down 9 percent so far in 2016.

Earnings reports were mixed, with salt and fertiliser supplier K+S reporting a smaller-than-expected drop in quarterly operating profit and reiterating its guidance, while Adecco said that modest revenue growth continued in the first quarter.

However, Credit Suisse saw tough market conditions continuing at least through the second quarter and Thyssenkrupp cut its full-year forecasts on a drop in prices for materials.

According to Thomson Reuters StarMine, 68 percent of European companies have announced results so far, of which 60 percent have met or beaten analysts' forecasts.

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