European Factors to Watch-Shares seen hit by oil drop, growth worries

jueves 14 de enero de 2016 03:46 GYT

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MILAN Jan 14 (Reuters) - European shares were set to open down on Thursday, tracking a sell-off in Asia and Wall Street overnight with sentiment depressed by continued weakness in oil prices, which briefly dipped below the key $30 level, and worries over global economic growth.

Futures on the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were all lower to fall between 0.9-1.1 percent by 0746 GMT.

European shares rose on Wednesday but ended off their highs on some profit taking and after a rise in U.S. crude oil inventories added to concerns about a deepening supply glut.

The pan-European FTSEurofirst 300 rose 0.4 percent to 1,354.8 points, extending Tuesday's gains, but off an intraday high of 1,374 points.

Volkswagen could be in focus after U.S. environmental officials said talks will continue with the car maker aimed at reaching an agreement on a fix for hundreds of thousands of cars rigged to cheat diesel emissions tests.

Investors may also focus on Cartier owner Richemont after sales fell in the last quarter of the year, and on chocolate maker Lindt & Spruengli which missed expectations for its full-year sales. Bilfinger could be supported after saying it received offers for the main division of its building and facility segment.

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