June 8, 2016 / 5:16 AM / 2 years ago

European Factors to Watch-Shares seen opening lower

(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.

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. ——————————————————————————————————————— > GLOBAL MARKETS-Asian shares flat as China trade data weighs > US STOCKS-S&P edges closer to record high; energy shares lead > Nikkei edges down as strong yen dampens mood > TREASURIES-Prices gain on Fed rate view, three-year auction soft > FOREX-Dollar bloc currencies buoyant; greenback treads water vs yen, euro > METALS-London copper revives from two-week lows as dollar softens > Oil hovers near 8-month highs on U.S. inventory draw

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.

If you have any thoughts, suggestions or feedback on this, please email mike.dolan@thomsonreuters.com.

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

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