European Factors-Shares set to snap losing streak

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Mon Nov 23, 2009 1:21am EST

 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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