European Factors-Shares set to snap losing streak
PARIS, Nov 23 (Reuters) - Financial bookmakers expected to see the leading European benchmark indexes rising on Monday, as stocks were poised to snap a four-session losing streak, helped by rising commodity prices.
Financial spreadbetters expected Britain's FTSE 100 .FTSE to open 32 to 34 points higher, or as much as 0.7 percent, Germany's DAX .GDAXI to open 29 to 32 points higher, or as much as 0.6 percent, and France's CAC-40 .FCHI to open 28 to 30 points higher, or as much as 0.8 percent.
Copper prices rallied sharply on Monday, shrugging off a 40 percent fall in China's refined copper imports in October as a weaker dollar and gains in other commodity markets dominated sentiment, while oil prices rose above $78 a barrel as heightened tension between Iran and Western nations raised speculation over a potential supply risk.
European equities slipped for a fourth session on Friday to reach a two-week closing low, as financials dropped on worries over some banks' exposure to Ukrainian debt, while weaker crude oil prices hurt energy shares.
----------------------MARKET SNAPSHOT AT 0610 GMT----------------------
LAST PCT CHG NET CHG
S&P 500 .SPX 1,091.38 -0.32 % -3.52
NIKKEI .N225 9,497.68 -0.54 % -51.79
MSCI ASIA EX-JP .MIASJ0000PUS 476.39 0.43 % 2.04
EUR/USD EUR= 1.4933 0.50 % 0.0074
USD/JPY JPY= 88.82 0.03 % 0.0300
10-YR US TSY YLD US10YT=RR 3.360 -- -0.01
10-YR BUND YLD EU10YT=RR 3.252 -- 0.01
SPOT GOLD XAU= $1,162.30 1.23 % $14.10
US CRUDE CLc1 $78.29 1.06 % 0.82
----------------------------------------------------------------------- * Wall St dips as investors fret about recovery [ID:nN20241386] * Gold at record; resource plays boost Asian stocks [ID:nGEE5AM01J]
* Dollar turns tail as gold climbs to record [ID:nSYD322692]
* Oil tops $78 amid fresh Iran tensions [ID:nSYD484303]
* U.S. Treasuries rise on economic recovery worries [ID:nHKG293886]
* Gold strikes record on inflation, economic worries [ID:nSP457620]
* Copper defies slower China imports, focus on weak dlr [ID:nSP532811]
(Reporting by Blaise Robinson; editing by Simon Jessop) ((blaise.robinson@reuters.com ; +33 1 4949 5269, Reuters Messaging: blaise.robinson.reuters.com@reuters.net))
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