European Factors to Watch-Shares set to dip for 3rd session in row
Tue Sep 24, 2013 6:24am BST
PARIS, Sept 24 (Reuters) - European stocks are seen inching lower on
Tuesday, falling for a third straight day and tracking losses on Wall Street as
uncertainty about when the U.S. Federal Reserve will start scaling back its
stimulus measures keeps investors on edge.
Financial spreadbetters expect Britain's FTSE 100 to open 8 to 10
points lower, or down 0.15 percent, Germany's DAX to open 13 to 14
points lower, or down 0.16 percent, and France's CAC 40 to open 3 to 4
points lower, or down 0.1 percent.
European stocks have now erased all their gains from the Fed's surprise
decision last Wednesday not to trim down its quantitative easing programme.
On Monday, William Dudley, president of the Federal Reserve Bank of New
York, said in a speech the timeline that Fed Chairman Ben Bernanke articulated
in June for scaling back the central bank's stimulus measures is "still very
much intact", as long as the economy keeps improving.
At a separate event, Dallas Fed President Richard Fisher said the Fed had
hurt its credibility and had urged colleagues to support a $10 billion reduction
in the Fed's bond-buying programme at last week's meeting.