European Factors to Watch-Equity futures rise as oil prices extend rebound

lunes 25 de enero de 2016 03:13 GYT
 

(Adds futures prices, company news items)

LONDON Jan 25 (Reuters) - European equity futures rose on Monday, helped by gains on Asian markets and another rebound in oil prices.

Futures on the Euro STOXX 50, German DAX, French CAC and Britain's FTSE all rose by between 0.5-0.8 percent.

The pan-European FTSEurofirst 300 index closed up 3 percent on Friday, with the index also marking its first weekly rise of the year last week, and that momentum was expected to continue at the start of trading on Monday.

Portuguese stocks could also come into focus after centre-right candidate Marcelo Rebelo de Sousa won Portugal's presidential election on Sunday, an outcome that should help maintain political balance after a dramatic swing to the left in October's parliamentary ballot.

The Spanish market could also be in focus after Spain's acting prime minister, Mariano Rajoy, deferred on Friday a decision on whether to seek a confidence vote to form a government, forcing a new round of talks on resolving the country's political deadlock.

Asian stocks on Monday moved further away from four-year lows struck last week, as a cold spell in parts of the northern hemisphere pushed oil prices higher and relieved some of the bearish pressure on global markets.

World equities also took heart from the European Central Bank last week signalling additional monetary easing steps to come, raising hopes that other central banks, like the Bank of Japan, would take the same path.

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