Europe Factors to Watch-Shares set to resume sell-off

martes 14 de octubre de 2014 02:30 GYT
 

PARIS Oct 14 (Reuters) - European stocks were set to fall on Tuesday, tracking sharp losses on Wall Street and resuming their three-week sell-off, dragged by mounting concerns over the strength of the global economy.

At 0622 GMT, futures for Euro STOXX 50, for UK's FTSE 100, for Germany's DAX and for France's CAC were down 0.4-0.5 percent.

The spectre of a possible recession in Europe, a slowdown in growth in China and sluggish data from Japan have prompted investors to cut their exposure to equities ahead of the earnings seasons in the United States and elsewhere.

The telecom sector will be in focus after France's Iliad abandoned its attempt to buy T-Mobile US because of resistance from majority owner Deutsche Telekom, becoming the third bidder to walk away in three years.

On the macro front, investors awaited the Germany's ZEW monthly survey of economic sentiment, due at 0900 GMT, seen at 1.00, down from 6.9 the previous month.

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

Asset performance in 2014: (link.reuters.com/rav46v) ------------------------------------------------------------------------------ > GLOBAL MARKETS-NIKKEI, US BOND YIELDS FALL ON GROWTH CONCERNS > WALL ST DROPS IN LATE SELLOFF; WORST 3 DAYS FOR S&P 500 SINCE 2011 > NIKKEI DIVES TO FRESH 2-MONTH LOW ON GLOBAL GROWTH CONCERNS > DOLLAR EDGES UP, RISK AVERSION, DOVISH RATE HIKE OUTLOOK WEIGH > PRECIOUS-GOLD HOLDS NEAR 4-WEEK HIGH AS STOCKS, DOLLAR DROP > COPPER SLIPS FROM 2-WK PEAK, GROWTH WORRIES LINGER > BRENT DROPS TO NEAR $88 IN WELL-SUPPLIED OIL MARKET

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