European Factors to Watch-Shares seen steady at open

lunes 1 de febrero de 2016 02:27 GYT
 

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LONDON Feb 1 (Reuters) - European stocks were seen opening steady on Monday, although further signs of economic weakness in China and a fall in oil prices were set to keep markets under pressure.

Financial spreadbetters at IG expected Britain's FTSE 100 to open up by 23 points, or 0.4 percent higher. Germany's DAX to open up by 22 points, or 0.2 percent higher, and France's CAC 40 to open up by 1 point, or unchanged in percentage terms.

Asian stocks started a new month on a cautious note on Monday, with the Bank of Japan's surprise policy easing sparking some buying, although Chinese shares fell.

Chinese shares stumbled lower on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite from the economic drift that has dogged markets for months.

The pan-European FTSEurofirst 300 index rose 2.3 percent on Friday but fell by some 6 percent over the course of January - its worst monthly drop at the start of a year since 2008.

The banking sector could be in focus after Barclays and Credit Suisse settled U.S. federal and state charges that they misled investors in their dark pools, while Banco Popolare said on Saturday it expected to agree a merger with Banca Popolare di Milano within a month.

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