European Factors to Watch-Shares seen up; G20 and Syria in focus
Thu Sep 5, 2013 6:19am BST
LONDON, Sept 5 (Reuters) - European stocks are seen opening up on Thursday,
helped by growing signs of a global economic recovery, although worries over
conflict in Syria and fewer stimulus measures from the U.S. Federal Reserve in
future may curb those gains.
Financial spreadbetters expect Britain's FTSE 100 to open 15 to 18
points higher, or as much as 0.3 percent.
Germany's DAX is expected to open 20 to 28 points higher, or up by
as much as 0.3 percent, while France's CAC 40 to open 7 to 9 points
higher, or up by as much as 0.2 percent.
Increasing signs of an economic recovery in Europe have led several
strategists to raise their ratings on European shares, with Citi and UBS this
week both upgrading the region.
"European equities are set to open marginally higher as the bulls run up a
head of steam," Capital Spreads dealer William Nicholls said.
However, concerns that the Fed may soon to start to scale back economic
stimulus measures that have driven much of this year's global equity rally have
kept stock markets in check over the past month.
A possible U.S.-led military strike on Syria has also created unease in
financial markets, with talks on how to deal with Syria's civil war likely to
dominate the G20 meeting in Russia on Thursday of the world's major nations.
The Bank of Japan on Thursday maintained a monetary stimulus programme
launched in April. The European Central Bank (ECB) meets later in the day, with
the ECB widely seen keeping rates low for an "extended period".