European Factors-Shares seen halting winning run

PARIS, Nov 17 (Reuters) - Financial bookmakers expected the leading European
indexes to fall on Tuesday, as a dip in oil and metal prices prompt investors to
book profits after stocks hit a 13-month closing high in the previous session.

Financial spreadbetters expected Britain's FTSE 100 .FTSE to open 22 to 27
points lower, or as much as 0.5 percent, Germany's DAX .GDAXI to open 29 to 35
points lower, or as much as 0.6 percent, and France's CAC-40 .FCHI to open 12
to 15 points lower, or as much as 0.4 percent.
Three-month copper on the London Metal Exchange MCU3 eased $60 to $6,795 a
tonne, after surging 5.1 percent to close at $6,855 on Monday, a level not seen
since late September 2008, while oil also dipped, but clung to most of its
previous session gains of 3 percent, hovering above $78 a barrel, as traders
booked profit ahead of key U.S. indicators and a weekly fuel inventories report.

"Despite the fundamentals remaining upbeat, a degree of consolidation is
likely to mark the start of Tuesday's session in Europe as equity traders pause
for breath," IG Markets analyst Ben Potter wrote in a note.

"There is however little to suggest that this will turn into any full-blown
bout of profit taking and even though we have high profile economic data due
that includes UK inflation numbers this morning then U.S. PPI and industrial
production readings this afternoon, the overall view seems to remain that with
the economic recovery underway and government stimulus attempts ongoing, there
are few reasons out there to be avoiding stocks."

The FTSEurofirst 300 .FTEU3 index of top European shares surged 1.5
percent on Monday, gaining ground for a fourth consecutive session, led by
resource-related shares rising along with commodity prices.

The index, which has jumped 60 percent since reaching a record low in March,
is up 24 percent so far in 2009, but is still down 37 percent from a multi-year
peak touched in mid-2007.

----------------------MARKET SNAPSHOT AT 0606 GMT----------------------

LAST PCT CHG NET CHG

S&P 500 .SPX 1,109.30 1.45 % 15.82

NIKKEI .N225 9,729.93 -0.63 % -61.25

MSCI ASIA EX-JP .MIASJ0000PUS 477.76 -0.33 % -1.56

EUR/USD EUR= 1.4953 -0.11 % -0.0016

USD/JPY JPY= 89.07 -0.02 % -0.0200

10-YR US TSY YLD US10YT=RR 3.345 -- 0.00

10-YR BUND YLD EU10YT=RR 3.299 -- -0.02

SPOT GOLD XAU= $1,134.85 -0.37 % -$4.20

US CRUDE CLc1 $78.65 -0.32 % -0.25

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Wall St leaps as Bernanke pledges lower rates [ID:nN16523225]
Asian stocks hit 15-mth highs, dollar pressured [ID:nLH536952]

Nikkei edges down as yen weighs, Canon gains [ID:nT209157]

Oil sheds some gains; eyes dollar, data [ID:nSYD75280]

Dollar stuck near 15-mth lows on benign rate view [nSYD395370]

Shanghai copper hits near 14-mth top, LME retreats [ID:nMAN420223]

Gold eases but near $1,140 as dollar seen weak [ID:nT205401]

(Reporting by Blaise Robinson)