European Factors to Watch-Equity futures edge higher

martes 31 de mayo de 2016 02:16 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 31 (Reuters) - European equity futures moved slightly higher 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.

Futures on the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE all rose by between 0.1-0.2 percent.

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.

The dollar has risen over the last week following comments from U.S. Federal Reserve Chair Janet Yellen, who said a rate increase in coming months would be "appropriate" if the U.S. economy and jobs market continued to improve.

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