European Factors to Watch-Shares seen steady after strong month

miércoles 1 de junio 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, June 1 (Reuters) - European stocks were seen opening flat to lower on Wednesday, set to start June in a muted fashion after posting a third straight month of gains.

Futures on the Euro STOXX 50 and the French CAC were flat in percentage terms, while futures on the the German DAX and the FTSE 100 were down 0.1 percent and 0.2 percent respectively.

European shares fell on Tuesday, though top pan-European indexes made their third consecutive month of gains in May, and had their best month since last November.

Asian stocks were on a weak footing on Wednesday as a slip in crude oil prices dampened investors' appetite for riskier assets, while a fall in energy-related shares also stalled the advance of U.S. stocks.

UK property stocks could be in focus. British monthly house price growth remained slow in May after the government added a tax surcharge on the purchase of properties for rental and second homes in April, according to a survey from mortgage lender Nationwide on Wednesday.

In France, new car registrations rose 22 percent last month, according to figures from the CCFA autos association. Renault group sales rose 34 percent, while PSA group sales rose 26 percent.

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