European Factors to Watch-Shares seen opening higher

viernes 4 de marzo de 2016 02:07 GYT
 

LONDON, March 4 (Reuters) - European stocks were seen opening higher on Friday, with gains on Asian and U.S. markets expected to allow European equities to regain their rising momentum.

Financial spreadbetters expected Britain's FTSE 100 to open up by 31 points, or 0.5 percent higher. Germany's DAX and France's CAC were also seen up by 0.5 percent, with the DAX seen opening 44 points while the CAC was seen rising by 21 points.

The pan-European FTSEurofirst 300 index fell 0.5 percent on Thursday, although the index has risen for five of the last six sessions.

After a turbulent start to the year due to worries about global growth and the health the banking sector, European stock markets have had a recent rally as oil prices recovered and fears over a U.S. economic slowdown abated.

Many traders will be focusing on U.S. employment data due at 1330 GMT.

U.S. employers likely stepped up hiring in February, in a sign of labor market strength that could further ease fears the economy is heading into recession and allow the Federal Reserve to gradually raise interest rates this year. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asian shares set for best week in 5 months, await US jobs data > US STOCKS-Wall Street snaps up shares in late-day scramble > Nikkei flat ahead of U.S. jobs report, firmer yen hurts exporters > TREASURIES-U.S. bond prices edge higher on steady oil, jobs data eyed > FOREX-Dollar on defensive, U.S. jobs data awaited for potential relief > PRECIOUS-Gold holds near 13-month high ahead of U.S. jobs data > METALS-London copper eyes biggest weekly gain since Oct > Crude prices climb after U.S. oil output falls for sixth week (Reporting by Sudip Kar-Gupta)