European Factors to Watch-Equity futures drop as worries over China linger

lunes 11 de enero de 2016 03:18 GYT

(Adds futures prices, company news items)

LONDON Jan 11 (Reuters) - European equity futures dropped on Monday, tracking losses on Asian markets as doubts mounted about Beijing's ability to manage the world's second-biggest economy.

Futures on the Euro STOXX 50 and German DAX fell 1-1.3 percent, while futures on France's CAC and Britain's FTSE both declined by 0.7 percent.

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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