Europe Factors-Shares set to rise, helped by commods
PARIS, Nov 16 (Reuters) - European equities were set to rise on Monday, adding to last week's strong gains, with commodity-related shares poised to benefit from buoyant oil and metal prices as the dollar dipped.
Financial spreadbetters expected Britain's FTSE 100 .FTSE to open 22 to 30 points higher, or as much as 0.6 percent, Germany's DAX .GDAXI to open 23 to 34 points higher, or as much as 0.6 percent, and France's CAC-40 .FCHI to open 10 to 15 points higher, or as much as 0.4 percent.
Oil prices were up nearly a dollar to above $77 a barrel on Monday, as a weaker dollar and improved sentiments over the economic outlook encouraged traders to push up crude prices.
Metal prices were also on the rise, with spot gold hitting a record high above $1,126 an ounce on Monday when massive buying in U.S. gold futures boosted bullion's appeal.
On the macro front, data showed Japan's economy grew 1.2 percent in the third quarter, nearly double the forecast and the fastest pace in more than two years. [ID:nT150510]
----------------------MARKET SNAPSHOT AT 0618 GMT----------------------
LAST PCT CHG NET CHG
S&P 500 .SPX 1,093.48 0.57 % 6.24
NIKKEI .N225 9,791.18 0.21 % 20.87
MSCI ASIA EX-JP .MIASJ0000PUS 479.03 1.59 % 7.52
EUR/USD EUR= 1.497 0.31 % 0.0047
USD/JPY JPY= 89.50 -0.02 % -0.0200
10-YR US TSY YLD US10YT=RR 3.420 -- 0.00
10-YR BUND YLD EU10YT=RR 3.373 -- -0.01
SPOT GOLD XAU= $1,128.00 0.85 % $9.50
US CRUDE CLc1 $77.31 1.26 % 0.96
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* Wall St gains on retail hopes, Disney results [ID:nN13481122]
* Gold hits record high, Asian shares rise [ID:nSP113829]
* Nikkei edges higher but banks and Hitachi weigh [ID:nT160410]
* Dollar drifts down, euro up as yuan speculation ebbs [ID:nT82641]
* Oil rises $1 to above $77 on dollar weakness [ID:nSYU009045]
* TREASURIES-Steady in Asia ahead of Bernanke [ID:nT123667]
* Copper rallies almost 2 pct; dlr, China snow support [ID:nSP339838]
* Gold hits record above $1,126/oz on one-off buying [ID:nT206524]
(Reporting by Blaise Robinson)
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