European Factors to Watch-Shares seen lower at open
(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 24 (Reuters) - European stocks were seen opening lower on Tuesday, tracking losses on Asian and U.S. markets as investors worried about the possibility of a U.S. interest rate increase in coming weeks.
Financial spreadbetters at IG expected Britain's FTSE 100 to open down 20 points, or 0.3 percent lower. Germany's DAX was seen down by 24 points, or 0.2 percent lower, while France's CAC was seen down by 17 points or 0.4 percent lower.
A string of comments in recent weeks by U.S. Federal Reserve officials and minutes of the last Fed meeting have put a U.S. possible rate hike firmly on the table for June or July, impacting global equity markets.
Revenue at the world's 12 largest investment banks fell 25 percent in the first quarter from a year ago as economic uncertainty and investor caution led to the slowest start since the financial crisis, a survey showed on Tuesday.