European Factors to Watch-Shares to edge higher with China in focus
(Adds quote, futures)
LONDON Nov 11 (Reuters) - European shares were set to edge higher on Wednesday, continuing a recovery from falls earlier in the week, as investors digested the latest batch of data from China.
Futures for the Euro STOXX 50, Britain's FTSE 100, France's CAC, Germany's were up 0.1-0.4 percent.
The pan-European FTSEurofirst 300 closed up 0.2 percent at 1,484.50 on Tuesday, turning higher after the euro hit a 7-month low against the dollar. The index remains down 1 percent so far this week.
European shares were set to rise following modest gains on Wall Street, with the commodities sector set to be in focus after mixed data from China.
Growth in China's factory output eased in October while that for retail sales edged up and investment inched lower, indicating persistent downward pressures on the economy that may require further policy support.
"The weaker industrial output figures could apply further pressure to commodities today as demand growth continues to soften," Craig Erlam, senior market analyst at OANDA, said in a note, adding that the broader market seemed resilient to weaker numbers from China.
"There was a fear that this could have been a trigger for another sell-off but Chinese markets in particular have been very resilient as any weakness in the data makes more monetary easing even more likely." Continuación...