European Factors to Watch-Equity futures flat

viernes 6 de noviembre de 2015 03:25 GYT

(Adds futures prices, further company news items)

LONDON Nov 6 (Reuters) - European equity futures were flat on Friday, with many investors focusing on U.S. jobs data later in the day, for a sense of whether or not the U.S. Federal Reserve may raise interest rates next month.

Futures on the Euro STOXX 50 and Germany's DAX were flat, although futures for France's CAC and Britain's FTSE 100 rose between 0.1-0.3 percent.

Federal Reserve Chair Janet Yellen and New York Fed President William Dudley said this week that the U.S. was ready for higher interest rates if upcoming economic data justified them.

The median forecast for October nonfarm payrolls in a Reuters poll of economists is an increase of 180,000, above slightly sluggish job growth of 142,000 in September. The data is due at 1330 GMT.

There were some weak results out from leading European companies on Friday, with steelmaker ArcelorMittal cutting its outlook, telecoms group Telefonica reporting lower profits while luxury goods company Richemont warned of a challenging second half.

According to data from Thomson Reuters StarMine, 52 percent of companies on the European STOXX 600 index have beaten or met market forecasts with their third quarter results so far, although earnings guidance has been cut for the fourth quarter.

Data on Friday also showed that German industrial output suffered posted its steepest drop in more than a year in September, suggesting a slowdown in emerging markets was leaving its mark on Europe's biggest economy.

BHP Billiton shares could also come under pressure, following a fall in the company's Australian-listed shares after a dam holding back waste water from an iron ore mine in Brazil owned by Vale and BHP burst on Thursday. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asia shares falter as markets await Fed policy clues from job data > US STOCKS-Wall St slips after mixed earnings as jobs report looms > Nikkei edges up as yen weakens ahead of crucial U.S. jobs data > TREASURIES-Two-year yields hit 4-1/2-year highs ahead of U.S. jobs data > FOREX-Dollar hovers near 3-mth high, U.S. jobs awaited for rate clues > PRECIOUS-Gold hovers near 8-week low ahead of U.S. jobs data > METALS-Copper steadies near 5-week low ahead of U.S. jobs data > Crude oil prices edge up; but oversupply, strong dollar drag   Continuación...