European Factors to Watch-Shares seen lower at open

lunes 11 de enero de 2016 02:22 GYT
 

LONDON Jan 11 (Reuters) - European stock markets were expected to open down sharply on Monday, tracking losses on Asian markets as doubts mounted about Beijing's ability to manage the world's second-biggest economy.

Financial bookmakers expected Britain's FTSE 100 to open down by 21-30 points, or 0.4-0.5 percent lower. Germany's DAX was seen down by 134-155 points, or 1.4-1.6 percent lower, while France's CAC was seen down by 42-54 points, or 1.0-1.3 percent lower.

China guided its yuan currency stronger for a second straight session on Monday, in a move that might calm concerns about how ready Beijing is to let the currency depreciate, but added to doubts over Beijing's ultimate policy intent, and the move failed to stop investors selling Chinese shares.

Figures out over the weekend showed Chinese consumer inflation stuck at a subdued 1.6 percent in December, while producer prices were down a steep 5.9 percent on the year - a deflationary pulse that is being felt across the globe.

The pan-European FTSEurofirst 300 index fell 1.5 percent on Friday, and lost 7 percent over the course of last week - its worst week since August 2011.

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