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European Factors to Watch-Shares set to track U.S. losses

Fri Aug 16, 2013 6:26am BST
PARIS, Aug 16 (Reuters) - European stocks are seen inching lower on Friday,
extending the previous session's pull-back and tracking losses on Wall Street,
where poor results and outlooks from a number of blue-chip companies prompted
investors to book recent gains.

Financial spreadbetters expect Britain's FTSE 100 to open around 11
points lower, or down 0.17 percent, Germany's DAX to open 13 points
lower, or down 0.16 percent, and France's CAC 40 to open 3 points lower,
or down 0.07 percent.

The S&P 500 fell 1.4 percent on Thursday, led by consumer and
technology stocks after Wal-Mart Stores' shares fell on a surprise
decline in quarterly same-store sales and Cisco Systems' shares dropped
one day after the network equipment maker said it was cutting 4,000 jobs.

Investors were also concerned about the prospect of the U.S. Federal Reserve
starting to reduce its stimulus next month, following recent improvements in the
U.S. job market and rising consumer prices.

Nikkei falls hit by financials; Fed stimulus concern weighs

Fri Aug 16, 2013 7:14am BST
TOKYO, Aug 16 (Reuters) - Japan's Nikkei share average fell
for a second day in thin trade on Friday as declines in insurers
and banks weighed after another batch of upbeat U.S. data added
to speculation that the U.S. Federal Reserve may begin to trim
its stimulus soon.

The Nikkei dropped 0.8 percent to 13,650.11,
breaking below the bottom of the Ichimoku cloud of 14,179.23.
For the week, the Nikkei added 0.3 percent. The broader Topix
shed 0.8 percent to 1,142.65.

Morning All.

EUR Current Account 16.9B 21.2B 19.6B

EUR CPI y/y 1.6% 1.6% 1.6%

EUR Core CPI y/y 1.1% 1.1% 1.2%

EUR Trade Balance 14.9B 15.3B 14.6B

It looks like Greystone is off today, so in his absence :-

FTSE soft in midday trade, RSM Tenon shares dive

CAD Manufacturing Sales m/m -0.5% 0.5% 0.6%

CAD Foreign Securities Purchases -15.41B 7.77B 6.78B

USD Building Permits 0.94M 0.95M 0.92M

USD Housing Starts 0.90M 0.91M 0.85M

USD Prelim Nonfarm Productivity q/q 0.9% 0.5% 0.5%

USD Prelim Unit Labor Costs q/q 1.4% 1.4% -4.3%

USD Prelim UoM Consumer Sentiment 80.0 85.6 85.1

FTSE up as miners, housebuilders gain, Tenon falls