European Factors to Watch-Shares seen extending losses

martes 14 de junio de 2016 02:55 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 14 (Reuters) - European shares headed for a fifth straight session of losses on Tuesday, mirroring falls on Wall Street and in Asia, on growing jitters before the Federal Reserve's meeting and next week's referendum in Britain on its membership of the European Union.

Two opinion polls published by ICM showed on Monday that Britain's "Out" campaign had widened its lead over the "In" camp ahead of the June 23 referendum.

Uncertainty over this week's two-day Fed meeting, starting later in the day, has also weighed on markets, though the U.S. central bank is widely expected to leave rates unchanged after the much weaker-than-expected May nonfarm payrolls report.

Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.7 to 1.2 percent lower.

European shares fell to their lowest level in more than three months on Monday, hit by a sell-off in cyclical stocks and widespread unease in markets over a possible British exit from the European Union.

The pan-European FTSEurofirst 300 index closed 1.9 percent lower after hitting its lowest since late February and extending the previous session's 2.3 percent drop. The STOXX Europe 600 ended 1.8 percent lower, while Italy's FTSE MIB closed down 2.9 percent.

U.S. shares closed 0.7 to 0.9 percent lower on Monday, while MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent on Tuesday.