European Shares Set to Dip as Oil, Euro Rise
By: Reuters
European equities were seen opening slightly lower on Monday, as investors turn cautious following a dip in the U.S. dollar versus the euro and with oil prices rising.
Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 2 and 4 points lower, the German DAX 3 to 6 points lower, and the French CAC 40 6 to 13 points lower.
The dollar hit a six-month high against the euro on Monday then slipped after a rebound in oil prices to near $115 a barrel on supply concerns as the market's focus turned to Tropical storm Fay in the Gulf of Mexico.
European equities were seen opening slightly lower on Monday, as investors turn cautious following a dip in the U.S. dollar versus the euro and with oil prices rising.
