European Factors--Shares seen resuming rally

PARIS, Nov 11 (Reuters) - European equities were set to rise
on Wednesday, reversing the previous session's dip and resuming their one-week
rally, after strong Chinese macro data lifted investors' sentiment.

Financial spreadbetters expected Britain's FTSE 100 .FTSE to open 13 to 16
points higher, or as much as 0.3 percent, Germany's DAX .GDAXI to open 13 to
19 points higher, or as much as 0.3 percent, and France's CAC-40 .FCHI to open
10 to 13 points higher, or as much as 0.3 percent.

Data showed on Wednesday Chinese factory output growth leapt to a 19-month
high in October, signaling that the world's third-biggest economy has put the
worst of the global economic crisis behind it.

"Equities are once again poised to move higher at the open, but there's no
shortage of caution creeping into the market as we eye a test on fresh highs for
the year," IG Markets analyst Ben Potter wrote in a note.

"As a result, sentiment is likely to play a large part in determining
direction in the near term and traders could find themselves looking to book
profits quickly."

European shares edged lower on Tuesday, pausing after a four-day winning run
as telecoms shares slid after disappointing results from Vodafone (VOD.L) while
mining stocks tracked weaker metal prices.

The FTSEurofirst 300 .FTEU3 index of top European shares has risen about
4.3 percent over the past week, but remains down 2 percent from a one-year high
reached in mid-October.

----------------------MARKET SNAPSHOT AT 0604 GMT----------------------

LAST PCT CHG NET CHG

S&P 500 .SPX 1,093.01 -0.01 % -0.07

NIKKEI .N225 9,871.68 0.01 % 0.95

MSCI ASIA EX-JP .MIASJ0000PUS 470.26 0.57 % 2.67

EUR/USD EUR= 1.4984 -0.01 % -0.0001

USD/JPY JPY= 89.57 -0.27 % -0.2400

10-YR US TSY YLD US10YT=RR 3.478 -- 0.00

10-YR BUND YLD EU10YT=RR 3.299 -- 0.01

SPOT GOLD XAU= $1,107.90 0.24 % $2.60

US CRUDE CLc1 $78.72 -0.42 % -0.33

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* Wall St rally stalls but Dow ekes out gain [ID:nN10333790]

* Asia stocks up 4th day; China data supportive [ID:nSP500566]

* Nikkei flat as yen weighs, shrugs off machine orders [ID:nT335574]

* Oil above $79 on bullish China data; awaits EIA data [ID:nSIN473034]

* Yen rises, regains ground after dip on China data [ID:nT332886]

* Copper edges lower as China imports disappoint [ID:nSHA342299]

* Gold steady, remains near record high [ID:nT253284]

(Reporting by Blaise Robinson; Editing by Hans Peters)