European Factors -- Wall St gains to lift stocks
LONDON, Oct 23 (Reuters) - European shares were set to rise on Friday, after stronger financial stocks helped the Dow .DJI post triple-digit gains to close back above 10,000, and with Asian markets also moving higher.
Financial spreadbetters expected Britain's FTSE 100 .FTSE to open up to 47 points higher, or as much as 0.9 percent, Germany's DAX .GDAXI to open up to 70 points higher, or as much as 1.2 percent and France's CAC .FCHI to open up to 51 points higher, or as much as 1.3 percent.
On Thursday, the FTSEurofirst 300 .FTEU3 index of leading European shares fell 1.1 percent to close at 1,014.72 points.
The European benchmark index is still up more than 57 percent from its lifetime low of March 9, as investors have become more confident on the prospects for economic recovery.
Germany and France have come already out of recession. Data due at 0830 GMT may show that the UK has joined them.
U.S. stocks rose on Thursday after several companies reported solid earnings that lent credence to the idea corporate profitability has stabilised.
The S&P financial index .GSPF added 2.9 percent.
----------------------MARKET SNAPSHOT AT 0514 GMT----------------------
LAST PCT CHG NET CHG
S&P 500 .SPX 1,092.91 1.06 % 11.51
NIKKEI .N225 10,318.19 0.5 % 51.02
MSCI ASIA EX-JP .MIASJ0000PUS 471.92 1.29 % 5.99
EUR/USD EUR= 1.5024 0.03 % 0.0004
USD/JPY JPY= 91.64 0.36 % 0.3300
10-YR US TSY YLD US10YT=RR 3.453 -- 0.03
10-YR BUND YLD EU10YT=RR 3.314 -- 0.01
SPOT GOLD XAU= $1,061.75 0.17 % $1.75
US CRUDE CLc1 $81.51 0.39 % 0.31
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* US STOCKS-Financials drive Wall St higher [ID:nN2251361]
* GLOBAL MARKETS-Asia shares rise on earnings; dlr slides [ID:nLN134682]
* PRECIOUS-Gold hovers above $1,060/oz, dollar eyed [ID:nT293821]
* TREASURIES-Stock rally, upcoming supply weigh on prices [ID:nN22598963]
* Dollar slips as euro options act as magnet [ID:nT292407]
* Oil steady on flat dollar, technical consolidation [ID:nSP507686]
* Nikkei edges up but trade cautious before earnings [ID:nT301113]
* METALS-Struggling dollar lifts copper, LME up 6 pct [ID:nMAN480449]
(Reporting by Brian Gorman)
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