European Factors to Watch-Shares seen up although Syria still a concern
Mon Sep 9, 2013 6:21am BST
LONDON, Sept 9 (Reuters) - European stocks are seen edging higher on Monday,
as signs of economic recovery continue to draw in investors, although worries
about a possible U.S.-led military strike on Syria may curb gains on the stock
market.
Financial spreadbetters expect Britain's FTSE 100 to open 4 to 5
points higher, a gain of just 0.1 percent.
Germany's DAX is also seen opening a minimal 10 to 12 points
higher, while France's CAC 40 is seen unchanged to 2 points higher.
Increasing signs of an economic recovery in Europe have led several
strategists to raise their ratings on European shares, and Thomson Reuters
Lipper data has shown U.S. investors gradually raising their exposure to
European equities as they switched out of domestic, emerging market and Japanese
stocks.
"European equities continue to hold up quite well and are a testament to the
levels of foreign interest here," said IG chief market strategist Chris Weston.
However, the prospect of a U.S.-led military strike on Syria to punish the
Syrian government for its alleged use of chemical weapons has led to choppy
stock markets this month and could peg back stock markets.
Syrian President Bashar al-Assad denied he was behind a chemical weapons
attack on the Syrian people, as the White House on Sunday pressed ahead with the
uphill effort of persuading Congress to approve a military strike.