European Factors to Watch-Shares set to fall from 3-month highs
LONDON Nov 27 (Reuters) - European stocks were set to edge lower on Friday and fall away from three month highs hit in the previous session after data showed fresh signs of weakness in China.
Futures on the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE fell 0.3-0.6 percent ahead of the market open.
The pan-European FTSEurofirst 300 index closed up 0.9 percent at 1,516.25 points on Thursday, its highest closing level since August.
Asian shares fell on Friday, with Chinese shares slumping after a fresh regulatory crackdown and data which showed a fifth straight month of falling industrial profit.
"The big drop in Chinese industrial profits... (appears) to have set off a wave of selling in equity markets across Asia," Angus Nicholson, market analyst at IG, said in a note.
U.S. markets were shut on Thursday, and were set to be closed for most of Friday afternoon.
The retail sector might be in focus as European retailers, especially in Britain, offer "Black Friday" deals, with the a spending frenzy expected to top last year's record level.
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