European Factors to Watch-Shares set to extend recent fall
(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 13 (Reuters) - European stocks were seen opening lower on Monday, extending a recent fall after closing last week near a 4-week low, tracking losses in Asian and U.S. stocks as concerns over a possible British exit from the European Union sparked risk aversion across global markets.
Futures on the Euro STOXX 50, Germany's DAX and France's CAC were down 1.2-1.5 percent, while futures on the FTSE 100 fell 0.9 percent.
Asian stocks fell the most in over two months and the Japanese yen soared as riskier assets took a hammering before key central bank meetings this week and as nervous investors awaited a June 23 referendum that could see Britain exiting the European Union.
The British pound fell to an eight-week low against the dollar, and has been under substantial pressure since one poll gave the "Out" campaign a ten-point lead late on Friday. Two subsequent polls out over the weekend were split over whether the "In" or "Out campaign is in front.
Concerns over the vote contributed to a slide for European stocks in the previous session. The pan-European FTSEurofirst 300 index ended down 2.3 percent at 1,308.8 points, having earlier touched its lowest intraday point since May 16.
There are also several central bank meetings that will be in focus this week, with the U.S. Federal Reserve, Bank of England, Swiss National Bank and the Bank of Japan all expected to hold monetary policy steady against a backdrop of caution heightened by the global impact from a possible Brexit.