European Factors to Watch-Shares seen opening marginally lower

lunes 23 de noviembre de 2015 03:55 GYT
 

(Adds details, updates futures)

MILAN Nov 23 (Reuters) - European stocks were seen opening marginally lower on Monday following a mixed showing in Asia overnight, as the euro fell to a seven-month low but worries about Chinese demand weighed on commodity prices and oil slumped on concerns over global supply surplus.

Futures for the Euro STOXX 50, Germany's DAX and France's CAC were down 0.09-0.20 percent, while futures for Britain's FTSE 100 were 0.7 percent.

In Asia, where activity was crimped by a holiday in Japan, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, while South Korea's main index gained 0.7 percent.

On Friday European shares ended their strongest week in a month with a benchmark index rising to three-month highs, helped by growing expectations of more ECB stimulus.

Drug stocks could come into the spotlight following merger news from U.S. rivals Pfizer and Allergan, while UK defence plays could be supported by plans by Britain to buy more jets and boost anti-terrorism budget.

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