European Factors to Watch-Shares seen higher, focus on miners

martes 1 de diciembre de 2015 03:43 GYT

(Updates futures prices, adds details)

LONDON Dec 1 (Reuters) - European shares headed for a stronger start on the first trading day of the month, tracking sharp gains in Asian equities, with mining shares seen getting support from a rally in metals prices following a weaker dollar.

Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE rose 0.2 to 0.8 percent by 0742 GMT.

Focus will be on commodities stocks after prices of key industrial metals rose due to a weaker dollar, making raw materials cheaper for holders of other currencies.

Investors will keep a close eye on automobile stocks after data showed new car registrations in France rose 11.3 percent last month.

Analysts said that the market was likely to shrug off Tuesday's data showing activity in China's manufacturing sector contracted more than expected in November.

The official Purchasing Managers' Index (PMI) stood at 49.6 last month in November, compared with the previous month's reading of 49.8 and below the 50-point mark that separates growth from contraction on a monthly basis.

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