May 5, 2016 / 5:12 AM / 2 years ago

European Factors to Watch-Shares seen slightly higher at open

(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 5 (Reuters) - European stocks were seen slightly higher at the open on Thursday, marking a slight stabilisation after sharp falls in previous sessions that had pushed a key regional index down to its lowest level in nearly four weeks.

Financial spreadbetters at IG expected Britain’s FTSE 100 to open up by 25 points, or 0.4 percent higher, while Germany’s DAX was seen up by 0.4 percent, or 38 points higher.

The pan-European FTSEurofirst 300 index fell 1.2 percent on Wednesday, closing at its lowest level in nearly four weeks. ——————————————————————————————————————— > GLOBAL MARKETS-Asia shares slip for 7th session, bonds well bid > US STOCKS-Wall St falls as data adds to growth worries; biotechs down > TREASURIES-Yields little changed on contrasting signals on U.S. economy > FOREX-Yen takes a step back, dollar enjoys a small bounce > PRECIOUS-Gold firms after three days of losses as equities drop > METALS-London copper near two-week lows as firm dollar sparks profit taking > Oil jumps on Canadian wildfire near oil sand fields, Libyan fighting

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). In a real-time, multimedia format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.

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Mike Dolan, Markets Editor EMEA. (Reporting by Sudip Kar-Gupta)

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