European Factors to Watch-Shares seen steady, focus on elections

viernes 23 de mayo de 2014 01:36 GYT
 

LONDON, May 23 (Reuters) - European shares are expected to open steady on
Friday, with investors seen avoiding strong bets ahead of Ukrainian and European
election results.
    Financial spreadbetters predicted Britain's FTSE 100 to open flat,
Germany's DAX to gain about 9 points, or up 0.09 percent, and France's
CAC 40 to open flat.
    Ukraine said more than a dozen servicemen were killed on Thursday in a clash
with pro-Russian separatists, fuelling security concerns ahead of a presidential
election on Sunday seen as crucial for its fragile democracy. 
    "With the intensifying violence in the Ukraine, fears are that a
presidential election will merely polarise the two sides and could be a trigger
for an escalation of fighting," Jonathan Sudaria, dealer at Capital Spreads,
said.
    "With the (European Union) voting already underway, concerns are brewing
that the corridors of power in Brussels could be full of eurosceptic,
anti-establishment parliamentarians."
    The EU's marathon parliamentary election kicked off on Thursday when Britain
and the Netherlands voted, with right-wing, anti-EU parties expected to attract
a surge of protest votes in many countries on a low turnout. 
    Analysts said there were concerns the EU elections could destabilise some
euro zone governments at home. In Italy, for example, a poor result for Prime
Minister Matteo Renzi's party could weaken his drive for swift reforms that he
promised when he took power in a party coup.
    Europe bourses in 2014: (link.reuters.com/pad95v)
    Asset performance in 2014: (link.reuters.com/rav46v)
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  MARKET SNAPSHOT AT 0519 GMT: 
                                                LAST    PCT CHG     NET CHG
 S&P 500                                    1,892.49     0.24 %        4.46
 NIKKEI                                     14484.32     1.02 %      146.53
 MSCI ASIA EX-JP                              487.55     0.07 %        0.34
 EUR/USD                                       1.365    -0.03 %     -0.0004
 USD/JPY                                      101.74     0.02 %      0.0200
 10-YR US TSY YLD                              2.554         --        0.00
 10-YR BUND YLD                                1.412         --        0.00
 SPOT GOLD                                 $1,294.60     0.09 %       $1.10
 US CRUDE                                    $103.81     0.07 %        0.07
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  > LME copper flat, nickel eyes 3.5 pct weekly gain                   
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 (Reporting by Atul Prakash; Editing by Sudip Kar-Gupta)