European Factors to Watch-Shares seen edging higher after Wednesday's slump

jueves 21 de enero de 2016 03:27 GYT
 

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LONDON Jan 21 (Reuters) - European shares headed for a slightly higher open on Thursday after slumping in the previous session following a commodities-related rout, with a partial recovery in U.S. stocks and a stronger start in Asia seen stabilising the market.

However, the sell-off could resume after an initial bounce due to the fact that MSCI's broadest index of Asia-Pacific shares outside Japan slipped again and Japan's Nikkei average closed 2.4 percent weaker after having initially risen in the morning session on Thursday.

Investors also awaited a policy meeting of the European Central Bank, which is expected to keep interest rates on hold but highlight increasing growth and inflation risks, raising the prospect of further policy easing later this year.

The ECB is likely to warn that inflation could stay ultra-low longer than an already downbeat forecast pegged on plunging oil prices, weak Chinese growth and the lack of decisive fiscal policy action at home.

Futures for the Euro STOXX 50, Germany's DAX , France's CAC and Britain's FTSE 100 were up by between 0.1 percent and 0.5 percent.

On Wednesday, the pan-European FTSEurofirst 300 index fell 3.3 percent to its lowest level since October 2014. The euro zone's blue-chip Euro STOXX 50 index also dropped by a similar amount.

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