European Factors to Watch-Shares seen steady at open
(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 31 (Reuters) - European stocks were expected to be steady at the open on Tuesday, propped up by a rise in the U.S. dollar on currency markets which weakened the euro, since a weaker euro typically helps European companies to export their goods overseas.
Financial spreadbetters at IG expected Britain's FTSE 100 to open down by 17 points, or 0.3 percent lower. Germany's DAX was seen up by 5 points, or 0.1 percent higher, while France's CAC was seen down by 5 points, or 0.1 percent lower.
The dollar hovered near its highest level in two months against a basket of currencies on Tuesday on growing expectations of an imminent U.S. interest rate hike, while the euro lost ground.
Airbus is sticking to 2016 delivery targets despite a slow start caused by supplier problems, but is having to fall back on an older version of its best-selling jet to make up for delays in the A320neo, executives said.