European Factors to Watch-European shares seen steady at open

miércoles 14 de mayo de 2014 01:25 GYT

LONDON, May 14 (Reuters) - European stocks were seen opening steady on
Wednesday, with key regional equity indexes hovering near multi-year highs
reached in the previous session.
    Financial spreadbetters expected Britain's FTSE 100 to edge down by
4 points, or 0.1 percent, Germany's DAX was seen up by 13-15 points, or
0.1 percent, while France's CAC 40 was seen up by 1 point.
    The pan-European FTSEurofirst 300 index ended up 0.3 percent at
1,368.75 points on Tuesday, close to its highest level since May 2008, while
France's CAC-40 also touched a near 6-year high. 
    Some traders said the rally witnessed over the last 2 months, which has seen
the FTSEurofirst 300 rise some 7 percent from lows in March, may run out of
steam as investors look for an opportunity to cash in on that rise.
    "Despite the major European indices just nudging new annual highs yesterday,
trepidation about whether we can justify these levels sees the expectations for
this morning's opening to be fairly flat," Capital Spreads dealer Jonathan
Sudaria wrote in a note.
    "Will this be a repeat of the other suckers rallies we've seen this year
whereby there's been just enough bullishness to draw people in just before we
sell off?" he added.      
    Europe bourses in 2014: (
    Asset performance in 2014: (
                                   LAST       PCT CHG          NET CHG
 S&P 500                       1,897.45        0.04 %              0.8
 NIKKEI                        14377.12       -0.33 %           -48.32
 MSCI ASIA     <.MIAPJ0000       484.29        0.67 %             3.24
 EX-JP         PUS>                                    
 EUR/USD                         1.3719        0.12 %           0.0017
 USD/JPY                         102.13       -0.12 %          -0.1200
 10-YR US TSY                     2.613            --            -0.01
 10-YR BUND                       1.422            --             0.00
 SPOT GOLD                    $1,295.30         0.2 %            $2.56
 US CRUDE                       $102.04        0.33 %             0.34
  > GLOBAL MARKETS-Asian shares rise, euro wobbles under pressure 
  > US STOCKS-Dow, S&P 500 end at record highs again; Nasdaq slips 
  > Nikkei dips on profit-taking; Kadokawa, Dwango soar on merger report 
  > TREASURIES-Yields fall after U.S. retail sales data disappoints 
  > FOREX-Euro languishes near 5-week low vs dollar, sterling eyes BoE 
  > PRECIOUS-Gold edges up on Ukraine; platinum, palladium hold gains 
  > METALS-Nickel comes off 27-month highs; copper drifts 
  > Brent holds above $109 on outlook for U.S. oil stocks, Ukraine crisis 

 (Reporting by Sudip Kar-Gupta; Editing by Anupama Dwivedi)