Europe Factors-Shares seen extending Friday's selloff

PARIS, Nov 2 (Reuters) - Financial bookmakers expected to
see the leading European benchmark indexes falling on Monday, extending the
previous session's sharp drop on mounting doubts over the pace of the global
economic recovery.

Financial spreadbetters expected Britain's FTSE 100 .FTSE to open 15 to 18
points lower, or as much as 0.4 percent, Germany's DAX .GDAXI to open 7 to 9
points lower, or as much as 0.2 percent, and France's CAC-40 .FCHI to open 9
to 12 points lower, or as much as 0.3 percent.

The banking sector will be in the spotlight after CIT Group Inc (CIT.N), a
U.S. lender to hundreds of thousands of small and medium-sized businesses, filed
for bankruptcy on Sunday, as the global financial crisis left it unable to fund
itself and the recession hit its loans. [ID:nN01408863]

"There's certainly not much out there to be cheering right now with the
prospect that recent gains have been overdone, whilst news of matters such as
the bankruptcy of small business lender CIT Group in the U.S. underlines yet
again that the sub-prime headache is still lingering," IG Markets analyst
Cameron Peacock wrote in a note.

On Wall Street on Friday, the Dow industrials suffered its worst drop since
July on worries the economic turnaround won't be solid enough to sustain the
seven-month stock rally, while shares of financial institutions tumbled on
renewed worries about Citigroup's (C.N) balance sheet.

The FTSEurofirst 300 .FTEU3 index of top European shares tumbled 2.1
percent on Friday, the index's biggest one-day slide in nearly four months, hit
by weak U.S. macro data.

The FTSEurofirst 300 has lost 5.3 percent over the past two weeks. Europe's
benchmark index, which is up 17 percent so far in 2009, has gained 51 percent
since reaching a floor in early March.

----------------------MARKET SNAPSHOT AT 0607 GMT----------------------

LAST PCT CHG NET CHG

S&P 500 .SPX 1,036.19 -2.81 % -29.92

NIKKEI .N225 9,802.95 -2.31 % -231.79

MSCI ASIA EX-JP .MIASJ0000PUS 448.66 -0.98 % -4.46

EUR/USD EUR= 1.477 0.38 % 0.0056

USD/JPY JPY= 90.03 0.40 % 0.3600

10-YR US TSY YLD US10YT=RR 3.405 -- 0.02

10-YR BUND YLD EU10YT=RR 3.216 -- -0.01

SPOT GOLD XAU=$1,045.95 0.15 % $1.55

US CRUDE CLc1 $77.51 0.66 % 0.50

-----------------------------------------------------------------------

Wall St tumbles on recovery jitters, financials [ID:nN30437359]

Asia share drop limited after Wall St hit [ID:nSP484993]

Nikkei slides but off lows, consumer lenders jump [ID:nT121801]

Oil rebounds above $77, China PMI data supports [ID:nSYD482190]

Yen cuts earlier gains as it slides vs Aussie [ID:nT118710]

TREASURIES-Slip in Asia, U.S. manufacturing data eyed [ID:nT65981]

Shanghai copper opens 1.6 pct lower, chases LME [ID:nSP482044]

Gold steadies above $1,040/oz, ETF holdings dip [ID:nT81862]

(Reporting by Blaise Robinson; Editing by Jon Loades-Carter)