European Factors to Watch-Shares head for steady open

martes 8 de diciembre de 2015 03:30 GYT
 

LONDON Dec 8 (Reuters) - European shares headed for a steady open on Tuesday, with a slight recovery in crude oil prices and some positive company updates seen underpinning the market.

Futures for the euro zone's blue-chip Euro STOXX 50, Germany's DAX , France's CAC and Britain's FTSE 100 were flat to 0.2 percent higher by 0728 GMT.

Energy stocks will be in focus as crude oil prices edged away from nearly 7-year lows in the previous session as China reported strong commodity imports despite economic weakness. The European Oil and Gas index fell sharply on Monday, tracking weaker oil prices.

On the company news front, Swiss Re reaffirmed its new targets for 2016 and said it hoped to grow shareholder payouts ahead of the reinsurer's investor day.

Air France KLM reported a 1.8 percent rise in passenger traffic in November and estimated the negative impact of the Nov. 13 militant attacks in Paris at around 50 million euros ($54.27 million).

COMPANY NEWS

RIO TINTO

Rio Tinto said it expects its 2016 capital spending budget to fall by about $500 million to $5 billion, but said it remained well placed to invest in its businesses.   Continuación...