European Factors to Watch-Paris seen leading stocks down after attacks

lunes 16 de noviembre de 2015 02:54 GYT
 

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MILAN Nov 16 (Reuters) - European stocks were seen opening sharply lower on Monday with French shares leading the sell-off as Friday's deadly attacks in Paris spark a flight to safety assets.

The events in Paris are likely to put consumer goods or tourism stocks particularly under pressure as the attacks weigh on people's confidence in the short term, but that could reinforce the ECB's resolve to ease monetary policy.

Financial spreadbetters expected Britain's FTSE 100 to open 41-45 points lower, or around 0.70 percent, Germany's DAX to open 126-145 points lower, or 1.2-1.3 percent, and France's CAC 40 to open 105-111 points lower, or 2.2-2.3 percent.

French financial markets will open as usual on Monday.

Asian stocks fell to six-week lows on Monday and emerging market currencies wilted as investors sought the safety of the greenback in the wake of Friday's attacks and downbeat economic data.

On Friday, pan-European FTSEurofirst 300 index fell, to record its worst weekly loss in around two months, weighed down by some weak corporate earnings.

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