European Factors to Watch-Equity futures point to weaker start

jueves 28 de enero de 2016 03:48 GYT

(Updates futures prices, adds company news)

MILAN Jan 28 (Reuters) - European shares were seen opening flat to lower on Thursday after a choppy session in Asia and losses on Wall Street, with some traders saying the Federal Reserve was less dovish than expected following its anticipated decision to leave rates unchanged.

Futures on the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were all down by between 0.05 percent and 0.6 percent by 0747 GMT.

On Wednesday European shares recovered to finish slightly higher as a late surge in oil prices helped offset pressure on the broader market from a spate of weak earnings updates. The pan-European FTSEurofirst 300 closed up 0.4 percent at 1,340.76 points.

But oil prices fell back in Asian trading on Thursday after Russia held out the possibility of cooperating with OPEC to control global oversupply.

Shares in Roche could be under pressure after the Swiss drugmaker missed analyst expectations, while Salzgitter could find support after the German steelmaker returned to profit after three years of losses.

Deutsche Bank could also be in focus after posting a quarterly pretax loss of 1.15 billion euros in its investment bank as revenues in its cash cow bond trading activities slumped and litigation costs weighed on earnings.

COMPANY NEWS   Continuación...