Europe Factors-Shares set to rise, helped by commods

Mon Nov 16, 2009 1:23am EST
 
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 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 
 -----------------------------------------------------------------------  
 * 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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