European Factors -- Shares set to rise for 5th day

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Fri Feb 12, 2010 1:26am EST

 LONDON, Feb 12 (Reuters) - European shares were set to rise on Friday,
extending a winning run to a fifth day, after gains in Asia and on Wall Street,
as worries over indebted Greece eased.
 Financial spreadbetters expected Britain's FTSE 100 .FTSE to open up to 39
points higher, or as much as 0.8 percent, Germany's DAX .GDAXI to open up to
53 points higher, as much as 1 percent and France's CAC .FCHI to open up to 39
points higher, as much as 1.1 percent.
 On Thursday, the FTSEurofirst 300 .FTEU3 index of leading European shares
rose 0.3 percent to 990.51 points, its fourth straight day of gains.
 The European benchmark index is up more than 53 percent from its lifetime
low of March 9, but down 7.8 percent from a 15-month high of Jan 11, partly due
to concern over Greece.
  U.S. stocks rose on Thursday after a pledge by European leaders to support
debt-laden Greece eased fears of a broader euro zone crisis and upbeat data from
China spurred mining and material stocks. Data pointing to stabilisation in the
U.S. labour market gave the market a further boost. 
 Wall Street may have a subdued session on Friday, ahead of the long weekend,
with the markets closed on Monday for the Presidents' Day holiday.
 However, investors will look at retail sales data, due at 1330 GMT. 
  
 ----------------------MARKET SNAPSHOT AT  0554 GMT---------------------- 
                                      LAST        PCT CHG        NET CHG  
 S&P 500                  .SPX  1,078.47         0.97 %          10.34  
 NIKKEI                  .N225 10,087.47         1.24 %         123.48  
 MSCI ASIA EX-JP .MIASJ0000PUS    454.86         0.30 %           1.34  
 EUR/USD                  EUR=    1.3673        -0.15 %        -0.0020  
 USD/JPY                  JPY=     89.69        -0.06 %        -0.0500  
 10-YR US TSY YLD    US10YT=RR     3.706             --          -0.02  
 10-YR BUND YLD      EU10YT=RR     3.243             --           0.01  
 SPOT GOLD                XAU= $1,090.75        -0.47 %         -$5.10  
 US CRUDE                 CLc1    $75.09        -0.25 %          -0.19  
 -----------------------------------------------------------------------    
* US STOCKS-EU's backing of Greece, data boost Wall St  [ID:nN11203456]
 * TREASURIES-Edge up in Asia, retail sales data eyed    [ID:nTOE61B025]
 * GLOBAL MARKETS-Asia shares rise on EU Greece pledge   [ID:nSGE61B00R]
 * FOREX-Euro heavy as EU disappoints                    [ID:nTOE61B01R]
 * Nikkei rises 1 pct as Greece worries ease             [ID:nTOE61B03A]
 * Oil slips below $75, Greek bailout disappoints        [ID:nSGE61B01F]
 * PRECIOUS-Gold slips from 1-wk high; volatile euro     [ID:nSGE61B019]
 * METALS-Shanghai copper up 1.4 pct, LME pares gains    [ID:nSGE61B00M]
 
 (Reporting by Brian Gorman; Editing by Mike Nesbit)

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