Finance & Stock Market News


Glance-Europe Factors-Shares set to track dip in Asia, commods

Mon, 15th Mar 2010 06:37




PARIS, March 15 (Reuters) - European equities were set to dip on Monday,

tracking losses in Asia in the wake of mixed U.S. macro data, and as commodity

prices drifted lower.

But resource-related shares could find support in news that China National

Offshore Oil Corp, China's biggest offshore oil explorer, plans a

joint venture with Argentina's Bridas Energy Holdings, paying $3.1 billion to

take a 50 percent stake in one of the company's units.

Financial spreadbetters expected Britain's FTSE 100 to open 1 to 9

points lower, Germany's DAX to open 7 to 14 points lower and France's

CAC-40 to open 11 to 12 points lower.



----------------------MARKET SNAPSHOT AT 0614 GMT----------------------

LAST PCT CHG NET CHG

S&P 500 1,149.99 -0.02 % -0.25

NIKKEI 10,751.98 0.01 % 0.72

MSCI ASIA EX-JP 476.41 -1.05 % -5.06

EUR/USD 1.3739 -0.26 % -0.0036

USD/JPY 90.58 -0.08 % -0.0700

10-YR US TSY YLD 3.703 -- 0.00

10-YR BUND YLD 3.169 -- 0.01

SPOT GOLD $1,105.10 0.51 % $5.60

US CRUDE $80.76 -0.59 % -0.48

-----------------------------------------------------------------------



Wall Street ends flat after mixed data

GLOBAL MARKETS-Stocks slip from 7-week highs; oil eases

Nikkei slips from 7-wk high; eyes on BOJ, Fed

Oil eases below $81 on US data, eyes Fed decision

Dlr gains on weaker stocks, yen subdued on BOJ

TREASURIES-Up in Asia but gains limited before Fed

Gold off 2-week
lows, mkt wary of gold use for EMF

Shanghai copper hit 2-week low on inflation concern



(Reporting by Blaise Robinson; Editing by Mike Nesbit)

Keywords: MARKETS EUROPE FACTORS

(blaise.robinson@reuters.com ; +33 1 4949 5269, Reuters Messaging: blaise.robinson.reuters.com@reuters.net)

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