European Factors to Watch-Shares seen edging higher at the open

martes 25 de noviembre de 2014 03:38 GYT

(Re-writes throughout, adds future, further company news)

LONDON Nov 25 (Reuters) - Euro zone shares were set to edge lower on Tuesday, snapping a two-day rise that left some key regional indexes in "overbought" territory on a technical basis.

Futures for the Euro STOXX 50 equity index, Germany's DAX and France's CAC were between 0.1 percent and 0.2 percent lower at 0734 GMT.

The Euro STOXX 50, DAX and CAC indexes all closed in "overbought" territory on Monday, based on their 7-day Relative Strength Index, a momentum indicator which measures the size of recent price moves.

Mergers & acquisitions speculation was once likely to take centre stage on Tuesday.

Drugmaker Bayer is considering the sale of its diabetes device business, Bloomberg reported on Monday, citing sources.

A prominent mining banker has told hedge funds that Glencore will merge with Rio Tinto at some point, according to press reports.

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