European Factors to Watch-Shares seen higher in thin volumes

lunes 30 de mayo de 2016 02:43 GYT

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report)

LONDON May 30 (Reuters) - European shares headed for a higher open on Monday, with some investors betting that the euro's relative weakness against the U.S. dollar would underpin the region's exporters.

The euro touched a 2-1/2 month low after comments by U.S. Federal Reserve Chair Janet Yellen late on Friday enhanced the prospects of a near-term U.S. interest rate hike.

Yellen said the Fed should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, bolstering the case for a rate increase in June or July.

Futures for the Euro STOXX 50, Germany's DAX and France's CAC were 0.2 to 0.7 percent higher by 0638 GMT.

Trading volumes are expected to be thin as the London and New York markets are closed for a public holiday.


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