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European Shares set to Dip After Strong Rally
Published:
Monday, 5 May 2008 | 1:27 AM ET
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By: Reuters
European equities were set to dip on Monday, as investors book profits after last week's rally while UK markets remain closed for a holiday.
Financial bookmakers, or spread betters, expected the German DAX to drop 24 points and the French CAC 40 to fall between 25 points and 31 points.
U.K. and Japanese markets were closed for public holidays on Monday.
The FTSEurofirst 300 index of top European shares rose 1.7 percent to 1,361.36 points on Friday after U.S. monthly jobs data suggested the world's largest economy was proving more resilient than expected. The index closed the week with a gain of 2.6 percent.
Copyright 2010 Thomson Reuters. Click for restrictions.
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