European Factors to Watch-Equity futures lower ahead of ECB

jueves 22 de octubre de 2015 02:27 GYT

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MILAN Oct 22 (Reuters) - European stocks were seen opening slightly lower on Thursday amid caution ahead of a European Central Bank policy meeting later in the day.

Futures on the euro zone's blue-chip Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were all down by between 0.5-0.2 percent.

The European Central Bank is likely to keep the door open for more monetary stimulus but stop short of taking new policy steps at a meeting on Thursday as it awaits fresh indications about the outlook for euro zone inflation.

"The recent rally seems to have run its course for now; and as it was mainly built on the backs of further central bank stimulus, today's ECB meeting and next weeks Fed and BoJ announcements will probably hold the key to the next leg of the markets," said London Capital Group dealer Jonathan Sudaria.

UBS and Credit Suisse could come into the spotlight after Switzerland on Wednesday outlined tough new capital requirements for its two biggest banks.

The euro zone's blue-chip Euro STOXX 50 index gained 0.5 percent on Wednesday, while the pan-European FTSEurofirst 300 index closed little changed.

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