European Factors to Watch-Shares seen lower on U.S. rate hike concerns

jueves 19 de mayo de 2016 02:57 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 19 (Reuters) - European equities headed for a lower open on Thursday, mirroring losses in Asian shares on concerns about another U.S. rate hike in the near-term, with weaker oil and metals prices seen putting pressure on resource-related stocks.

Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were down 0.5 to 0.7 percent lower by 0657 GMT.

In Asia, stocks fell as markets scrambled to factor in the possibility of another interest rate increase by the Federal Reserve, with minutes of the last Fed meeting suggesting a rate increase is firmly on the table at its policy review next month.

Commodities-related stocks will be in focus after oil prices were pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia. Prices of major industrial metals were also down, pressured by a stronger dollar.

Travel and leisure stocks will also come into focus after EgyptAir said a plane carrying 69 passengers and crew on a flight from Paris to Cairo had gone missing on Thursday, disappearing from radar over the Mediterranean Sea.

The pan-European FTSEurofirst 300 index rose 0.8 percent to 1,325.78 points in the previous session.

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