European Factors to Watch-Shares seen higher at open

  • Reuters
  • Stock Market News
European Factors to Watch-Shares seen higher at open
Credit: © Reuters.

LONDON, Aug 17 (Reuters) - European stocks were seen opening higher on Monday, tracking gains in the U.S. market late on Friday.

Financial spreadbetters expected Britain's FTSE 100 .FTSE to open up by around 36 points, or 0.5 percent higher. Germany's DAX .GDAXI was seen opening up by 72-76 points, or 0.7 percent higher, while France's CAC 40 .FCHI was expected to open by 28-29 points, or 0.6 percent higher.

The pan-European FTSEurofirst 300 index .FTEU3 had fallen 0.1 percent on Friday to record a loss of 3 percent over the week - its worst weekly performance since early July - as concerns over the impact of China's currency devaluation impacted global stock markets.

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> GLOBAL MARKETS-Asia dragged down by sagging China stocks, dollar holds gains MKTS/GLOB

> US STOCKS-Wall St edges up after upbeat data, Greek bailout agreement .N

> Nikkei rises after GDP contraction not as bad as expected .T

> TREASURIES-Short-term yields edge up as Fed rate hike expectations increase US/N

> FOREX-Dollar tries to shake off yuan scare, yen shrugs off Japan's GDP slump FRX/

> PRECIOUS-Gold holds up as yuan fears keep safe-haven draw GOL/

> METALS-London copper slides as worries over China's economy persist MET/L

> Oil prices drop on shrinking Japan economy, more US drill rigs O/R

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