European Factors to Watch-Shares seen extending gains after China data

miércoles 13 de enero de 2016 03:47 GYT
 

(Adds futures prices, company news)

LONDON Jan 13 (Reuters) - European shares headed for a stronger open on Wednesday, tracking gains on Wall Street and Asia, with better-than-expected Chinese trade data tempering some of the concerns about a slowdown in the world's second largest economy.

China's total trade fell in December but far less than expected. Exports from the world's largest trading nation fell 1.4 percent from a year earlier, much less than a poll forecast for an 8 percent drop and moderating from November's 6.8 percent decline.

Futures for the Euro STOXX 50, Germany's DAX , France's CAC and Britain's FTSE were up 0.7 to 0.9 percent by 0746 GMT.

The pan-European FTSEurofirst 300 index rose 1.1 percent in the previous session, while U.S. stocks ended 0.7 to 1.0 percent firmer. On Wednesday, MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.4 percent, while Japan's Nikkei surged 2.9 percent.

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