European Factors to Watch-Shares on track for third straight month of losses

lunes 29 de febrero de 2016 03:55 GYT
 

(Adds futures prices, company news)

LONDON Feb 29 (Reuters) - European shares were expected to retreat from a three-week high on Monday and stayed on track for their third-straight month of losses as a weekend meeting of the G20 group of leading economies failed to strike new, concrete measures to boost growth.

The Group of 20 finance ministers and central bankers declared on Saturday that they needed to look beyond ultra-low interest rates and printing money to shake the global economy out of its torpor.

A communique from the meeting flagged a series of risks to world growth, including volatile capital flows, a sharp fall in commodity prices and the potential "shock" of a British exit from the EU.

Futures for the Euro STOXX 50, Germany's DAX , France's CAC and Britain's FTSE were down 0.9 to 1.2 percent by 0719 GMT.

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent, while Japan's Nikkei dropped 1.0 percent.

The pan-European FTSEurofirst 300 index ended 1.6 percent stronger on Friday after touching a three-week high during the session. It was on track for its third-straight month of losses.

Investors will keep an eye on Irish stocks as the country's political stalemate following an inconclusive national election deepened on Sunday after senior figures in the two biggest parties expressed opposition to forming together what looks like the only viable coalition government.

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