European Factors to Watch-Shares seen falling as oil prices weaken

miércoles 3 de febrero de 2016 02:29 GYT

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LONDON Feb 3 (Reuters) - European stocks were seen opening lower on Wednesday, pushed down by weak oil prices which also impacted other equity markets in Asia and the United States.

Financial spreadbetters expected Britain's FTSE 100 to open down by 45-55 points, or 0.8-0.9 percent lower. Germany's DAX was seen down by 84-108 points, or 0.9-1.1 percent lower, while France's CAC was expected to fall by 34-46 points, or 0.8-1.1 percent lower.

Asian shares tumbled on Wednesday as oil prices dropped for a third day, prompting investors to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs.

Oil futures extended losses into a third session on Wednesday as U.S. crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March.

The pan-European FTSEurofirst index fell 2 percent on Tuesday, having closed 0.2 percent weaker on Monday. The index is down 8.5 percent so far this year, with global stock markets hit by concerns about a slowdown in China, the world's second-biggest economy and a major consumer of oil and metals.

Syngenta will also be in focus after China's state-owned ChemChina said it would make an agreed takeover offer for the Swiss seeds and pesticides group for $465 (473.3 Swiss francs) per share in cash.

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