June 15, 2016 / 5:11 AM / 2 years ago

European Factors to Watch-Shares seen opening higher

(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 15 (Reuters) - European stocks were seen opening higher on Wednesday, marking a slight stabilisation after five previous sessions of losses that were caused by nervousness before next week’s vote in Britain on its European Union membership.

Financial spreadbetters at IG expected Britain’s FTSE 100 to open up by 17 points, or 0.3 percent higher. Germany’s DAX was seen up by 50 points, or 0.5 percent higher, while France’s CAC was seen up by 18 points, or 0.4 percent higher.

The pan-European FTSEurofirst 300 index fell 1.9 percent on Tuesday to 1.260,14 points, its lowest closing level since Feb. 24.

Uncertainty surrounding Britain’s June 23 vote on whether or not to stay in the European Union, dubbed as ‘Brexit’, is likely to feature among the reasons as to why the U.S Federal Reserve is expected to keep interest rates unchanged on Wednesday. ——————————————————————————————————————— > Asian shares volatile amid Brexit worries, MSCI China decision > US STOCKS-Wall Street falls as Brexit vote becomes major fear > Nikkei up on short-covering; market on edge before central bank meetings, Brexit vote > TREASURIES-U.S. yields turn flat after hitting 4-month lows > Negative bund yields pressure euro, Brexit vote looms, eyes on Fed > PRECIOUS-Gold edges down ahead of Fed statement > Copper treads water ahead of Fed outcome, Brexit uncertainty > U.S. oil falls to 3-wk low on inventory gains, Brexit fears

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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