European Factors to Watch-Stocks set to drop as flight to safety resumes

jueves 11 de febrero de 2016 03:54 GYT
 

LONDON Feb 11 (Reuters) - European stocks were set to drop back on Thursday after strong gains in the previous session, with investors looking to take money out of riskier assets in search of safety as concerns over the strength of global growth resurfaced.

Futures on the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE 100 were 0.7-1.3 percent lower at 0753 GMT.

The pan-European FTSEurofirst 300 closed 1.8 percent higher on Wednesday, snapping a seven-session losing run for the index, but remains down 7.9 percent so far in February.

Investors are concerned over the strength of global growth and fret that central banks have run out of ammunition to support the economy, while there are also worries over the region's banking sector.

Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping U.S. dollars. Most Asian shares fell as the U.S. yield curve flattened in a way that has presaged economic recession in the past.

COMPANY NEWS:

RIO TINTO

Global miner Rio Tinto slumped to a net loss for 2015, hit by a rout in commodities, and scrapped its promise to pay a steady or higher dividend annually due to the tough outlook. ]

  Continuación...