European Factors to Watch-Equity futures fall as oil prices drop

miércoles 3 de febrero de 2016 03:17 GYT

(Adds futures prices, company news items)

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

Futures on the euro zone's blue-chip Euro STOXX 50, Germany's DAX , France's CAC and Britain's FTSE were all down by between 0.5-0.7 percent.

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 $43 billion bid for the Swiss seeds and pesticides group, marking the largest ever overseas acquisition by a Chinese company.

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