European Factors to Watch-Shares seen higher, focus on energy

jueves 18 de febrero de 2016 03:29 GYT
 

(Adds futures prices, company news)

LONDON Feb 18 (Reuters) - European shares headed for a broadly higher start on Thursday, with a further rise in crude oil prices and some encouraging company results seen supporting energy stocks for a second straight session.

Futures for the Euro STOXX 50, Germany's DAX , France's CAC and Britain's FTSE were up between 0.3 and 0.3 percent.

On the earnings front, Franco-Dutch airline Air France-KLM beat forecasts with a return to profit last year, helped by a drop in the fuel bill and growth in passenger traffic, while AccorHotels posted a 3.5 percent rise in like-for-like operating profit last year.

In Asia, stocks rose across the board as oil prices rose after Iran welcomed plans by Russia and Saudi Arabia to cap production.

European stocks rallied in the previous session, boosted by optimism over a deal to freeze oil output. The pan-European FTSEurofirst 300 extended earlier gains to finish up 2.7 percent after Iran voiced support for an initiative led by Russia and Saudi Arabia to freeze production in an oversupplied market.

U.S. equity indexes also rose, led by energy shares, after minutes from the U.S. Federal Reserve's January policy meeting were released in the afternoon, showing Fed policymakers worried last month that tighter global financial conditions could hit the U.S. economy and considered changing their planned path of interest rate hikes in 2016.

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