European Factors to Watch-Shares seen sharply lower as oil price slides

miércoles 20 de enero de 2016 02:30 GYT

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LONDON Jan 20 (Reuters) - European stocks were expected to fall sharply at the open on Wednesday, tracking a similar drop in Asian equities as a relentless slide in oil prices hit world markets.

Financial spreadbetters expected Britain's FTSE 100 to open down by 110-121 points, or 1.9-2.1 percent lower. Germany's DAX was seen down by 221-237 points, or 2.3-2.5 percent lower, while France's CAC was seen down by 96-102 points, or 2.2-2.4 percent lower.

Energy and mining shares could again bear the brunt of a sell-off.

U.S. crude oil prices fell to their lowest level since 2003 after the world's energy watchdog warned the market could "drown in oversupply".

The pan-European FTSEurofirst 300 index had closed up 1.4 percent on Tuesday, marking a rebound from 13-month lows reached earlier this month.


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