CORRECTED - European Factors -- Shares seen mixed

Mon May 12, 2008 1:33am EDT
 
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 (Corrects to show DAX and CAC seen up not down)
 PARIS, May 12 (Reuters) - European equities were seen mixed
on Monday, after the previous session's heavy loss, as investors
brace for UK inflation figures and an update from HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz).
 Financial bookmakers, or spread betters, in London expected
Britain's FTSE 100 .FTSE index to open between 2 and 6 points
lower, the German DAX .GDAXI up 6 to 7 points, and the French
CAC 40 .FCHI 5 to 12 points up.
 "European equity markets look set to start the new week flat
to marginally higher after a relatively uneventful end to the
week on Wall Street, however scope for early volatility in
London trade shouldn't be ruled out with the release of the UK
PPI data for April scheduled this morning," Matt Buckland,
trader at CMC Markets, wrote in a note.
 UK price producer index, a key inflation measure, is
expected at 0830 GMT.
 The FTSEurofirst 300 index  fell 1.3 percent on
Friday, to close at 1,342.68 points, hit by downbeat earnings
from financial services firms and record high oil prices.

 

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