European Factors to Watch-Shares seen steady at open

jueves 29 de mayo de 2014 02:30 GYT
 

LONDON May 29 (Reuters) - European equity futures were flat on Thursday, with the region's main stock markets expected to hold steady near multi-year highs on mounting prospects of new economic stimulus measures from the European Central Bank (ECB).

The June futures contract for the euro zone's blue-chip Euro STOXX 50 index edged up by 0.1 percent to 3,239 points by 0625 GMT, while the June futures contract for Germany's DAX also rose 0.1 percent to 9,939 points. France's CAC futures contract was flat.

The pan-European FTSEurofirst 300 index closed 0.1 percent lower at 1,377.83 points on Wednesday, after hitting its highest level in more than six years on Tuesday. The index has been supported by an improvement in economic data from the United States and expectations of more policy easing by the ECB.

"The trend is up, the trend's your friend, but I wouldn't buy up at these levels," said Darren Courtney-Cook, head of trading at Central Markets Investment Management, who added he would prefer to wait for pullbacks before buying DAX futures.

Europe bourses in 2014: (link.reuters.com/pad95v)

Asset performance in 2014: (link.reuters.com/rav46v) ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asian shares at 1-year high, bonds fly high on ECB

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