European Factors to Watch-Shares seen rebounding on China data

Mon Sep 2, 2013 6:37am BST
LONDON, Sept 2 (Reuters) - European shares were expected to bounce back on
Monday from their lowest close in six-weeks, helped by upbeat Chinese
manufacturing data and President Barack Obama's decision to consult Congress
before moving ahead with a military strike against Syria.

Mining shares could outperform the wider market, tracking a sharp rise in
metals prices, on data showing the manufacturing sector in China, the world's
largest metals consumer, expanded at the fastest pace in more than a year in
August. Copper prices rose 2.2 percent.

Investors' nervousness also diminished after U.S. President Barack Obama
decided to seek congressional approval before using force against Syria in
response to a chemical attack blamed on the Syrian government.

"Obama, like his UK counterpart, David Cameron, is likely to face staunch
opposition from both inside and outside his party, to military action, with
memories of the hugely unpopular war in Iraq still fresh in people's memories,"
Craig Erlam, analyst at Alpari said in a note.

Financial spreadbetters predicted Britain's FTSE 100 to open 45 to
48 points, or as much as 0.8 percent, higher, Germany's DAX to gain 52
to 69 points, or as much as 0.9 percent, and France's CAC 40 to rise 16
to 26 points, or as much as 0.7 percent.

Nikkei rises 1.4 pct on Olympics-related and consumer loan firms

Mon Sep 2, 2013 7:15am BST
TOKYO, Sept 2 (Reuters) - The Nikkei average rose 1.4
percent on Monday as real estate and construction stocks gained
on hopes that Tokyo will win the race to host the 2020 Summer
Olympics, while consumer finance shares climbed after a media
report citing rising loan demand.

The Nikkei gained 184.06 points to 13,572.92, and
the Topix index added 1.1 percent to 1,117.78.

Volume was subdued, with only 1.85 billion shares changing
hands as U.S. markets are closed for the Labor Day holiday on
Monday. Trading is likely to stay thin this week as investors
await key events including U.S. jobs data on Friday and the
outcome of the Olympics bidding on Saturday.

Spanish Manufacturing PMI 51.1 50.1 49.8

You really do have to keep an eye on the spread bet providers and not be afraid to complain. Capital Spreads triggered a limit buy on TSCO at the open @ 373.4 the highest according to their own chart (Dec contract) was 371.1 to their credit they didn't argue and duly cancelled it. Watch the bastards!

FTSE100 sharply higher in early deals on mining strength

Italian Manufacturing PMI 51.3 50.7 50.4

GBP Manufacturing PMI 57.2 55.2 54.6

FTSE100 ends sharply higher with gains broad-based