European Factors to Watch-Stocks to steady after wild Ukraine-led moves

miércoles 5 de marzo de 2014 03:36 GYT

LONDON, March 5 (Reuters) - European stocks were seen steadying on Wednesday following wild swings in the previous two sessions as tensions over Ukraine appeared to ease, with investors looking to data and corporate earnings to provide direction.

European stocks surged on Tuesday, reversing a big portion of the previous session's sharp losses after Russian President Vladimir Putin said he would use force in neighbouring Ukraine only as a last resort.

Putin's first comments on the crisis over the Ukrainian region of Crimea, interpreted as an attempt to reduce tensions, helped fuel a rebound in equities worldwide.

However, analysts warned there could still be volatility, with U.S President Barack Obama saying on Monday that Russia violated international law, warning the U.S. government would look at a series of economic and diplomatic sanctions to isolate Moscow.

"If you look at the comments last night from Obama, that Putin is not fooling anybody... then there is still a little bit of sensitivity in the markets," Brenda Kelly, chief market strategist at IG, said.

"Markets are quite vulnerable to downside if we see any escalation of what's going on in Ukraine."

At 0729 GMT, futures for the Euro STOXX 50, Britain's FTSE 100 , Germany's DAX and France's CAC were 0.1-0.3 percent lower.

French supermarket Carrefour, UK-listed bank Standard Chartered and German sports retailer Adidas are among companies reporting results on Wednesday.

Carrefour, the world's second biggest retailer, said that profit came in above expectations and lifted its dividend, although it also chose to spend more cash to renovate and expand its stores.   Continuación...