European Factors to Watch-Steady start eyed; Burberry seen up

jueves 10 de julio de 2014 02:44 GYT

(Adds futures, further company news)

LONDON, July 10 (Reuters) - European stocks were seen opening steady on Thursday as investors digested strong earnings from luxury brand Burberry and a weaker update from Primark's owner AB Foods.

At 0631 GMT, futures for the Euro STOXX 50, Britain's FTSE 100 , Germany's DAX and France's CAC were between 0.1 percent higher and 0.1 percent lower.

Burberry posted a 12 percent rise in like-for-like retail sales for its fiscal first quarter to June 30, which traders described as very strong.

Associated British Foods increased its profit forecasts after a strong third-quarter performance but traders highlighted weakness at its sugar operations.

According to minutes from the last Federal Reserve meeting released on Wednesday, the central bank acknowledged the recent strengthening in the U.S. economy but suggested it was unlikely to raise policy rates until the second half of 2015.

The absence of a more hawkish message from the Fed eased worries over interest rate rises and helped Wall Street snap a two-day slide on Wednesday, while driving U.S. Treasury yields lower.

"Overall, due to the lack of fresh insight, analysts mainly feel this implies the minutes were more dovish than anything else," Stan Shamu, market strategist at spreadbetter IG, said in a trading note.

China's imports and exports data for June missed market forecasts, but caused limited reaction in regional markets as it reinforced expectations that Beijing will have to unveil more stimulus measures to stabilise the economy and meet its 2014 growth target.   Continuación...