European Factors to Watch-Shares seen opening lower

miércoles 8 de junio de 2016 01:25 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 8 (Reuters) - European stocks were seen opening lower on Wednesday, with markets impacted by weak Chinese export data, while the World Bank also cut its economic growth forecast.

Financial spreadbetters at IG expected Britain's FTSE 100 to open down by 14 points, or 0.2 percent lower. Germany's DAX and France's CAC were both seen opening 0.3 percent lower, with the DAX seen down by 34 points, while the CAC was seen down by 13 points.

Chinese dollar-denominated exports declined 4.1 percent in May from a year earlier, compared with the expected drop of 3.6 percent, and this weighed on Asian markets on Wednesday.

The World Bank also slashed its 2016 global growth forecast to 2.4 percent from the 2.9 percent estimated in January due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade and diminishing capital flows.

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