European Factors to Watch-Shares seen lower at open

miércoles 18 de mayo de 2016 01:29 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 18 (Reuters) - European stocks were seen opening lower on Wednesday, tracking losses on Asian and U.S. equity markets that were caused by renewed expectations that the U.S. Federal Reserve could raise rates later this year.

Financial spreadbetters at IG expected Britain's FTSE 100 to open down by 20 points, or 0.3 percent lower. Germany's DAX was seen down by 51 points, or 0.5 percent lower, while France's CAC was seen down by 15 points, or 0.4 percent lower.

On Tuesday, data showed that U.S. consumer prices recorded their biggest increase in more than three years in April, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later this year.

A U.S. Federal Reserve policymaker also said on Tuesday that he would push for an interest rate hike in June or July while two others still saw up to three rate increases this year, leaving the door open to a change in monetary policy relatively soon, and that backdrop hit the Wall Street stock market.

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