European Factors to Watch-Shares seen higher, as Greek debt deal reached

miércoles 25 de mayo de 2016 02:50 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 25 (Reuters) - European shares were expected to extend the previous session's sharp rally on Wednesday, with firmer oil and metals prices seen supporting commodities-related stocks while a Greek debt deal could also boost markets.

Greek stocks will be in focus after euro zone finance ministers agreed with Greece and the International Monetary Fund on Wednesday on a deal that will address Athens' requests for debt relief.

Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.6 to 1.1 percent higher by 0635 GMT.

Wall Street surged more than 1 percent on Tuesday and the Nasdaq had its strongest day in three months as investors made peace with the possibility that the U.S. Federal Reserve might soon raise interest rates.

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.9 percent on Wednesday, while Japan's Nikkei was up 1.5 percent as exporters got a boost from a weaker yen.

European shares rose to their highest point in almost 4 weeks on Tuesday as firmer financial stocks lifted the region's equity markets.

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