European Factors to Watch-Shares set to regain ground; M&A in focus
LONDON Nov 25 (Reuters) - European stocks were set to edge higher on Wednesday, steadying after two days of falls, tracking a late rally on Wall Street after U.S. shares got a boost from higher commodity prices.
Futures on the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.1-0.3 percent higher ahead of the cash market open.
The pan-European FTSEurofirst 300 has fallen 1.6 percent this week, dropping away from three-month highs hit on Thursday.
Appetite for European equities and other for riskier assets was subdued on Tuesday after Turkey shot down a Russian warplane near the Syrian border. However, U.S. stocks closed higher after energy shares rose along with oil prices as geopolitical tensions increased.
M&A was set to be in focus after Reuters reported that drugmaker Shire is preparing to make a new takeover offer for U.S. biotech firm Baxalta . If successful will create one of the world's leading specialists in rare diseases.
On a quiet day for earnings, LafargeHolcim saw third-quarter operating profit slip 16.1 percent, more than analysts had expected, hurt by foreign exchange rates and a slowdown in China and Brazil, though it proposed a higher dividend than it had suggested earlier in the year.