(Removes reference to Germany’s DAX as the Frankfurt exchange is closed for holiday)
MILAN, May 16 (Reuters) - Financial spreadbetter CMC expected the FTSE 100 to open 13 points lower at 6,125 and the CAC40 to open 25 points lower at 4,295.
——————————————————————————————————————— MARKET SNAPSHOT AT 0518 GMT: > Japan leads Asia to modest gains despite China data; dollar steady > Wall Street drops at end of tough week for retailers > Nikkei climbs 1 pct as strong US data offsets China woes > Yield curve flattens on stronger U.S. economic data > Yen slips after initial rise on China growth worries > Gold up for 2nd day on China data, weaker stock markets > London copper clings to near 2-1/2 month low after soft China data > Oil prices jump as Goldman Sachs says market flips into deficit
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 Danilo Masoni