European Stocks Seen Down, Rate Decisions Eyed


European stocks were expected to fall on Thursday, snapping a three-day winning run, as investors turn cautious ahead of interest rate decisions by the European Central Bank and the Bank of England, and key U.S. jobs figures due on Friday.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 11 and 14 points lower, the German DAX down 13 to 23 points and the French CAC 40 down 6 to 12 points.

The pan-European FTSEurofirst 300 index gained 0.2% on Wednesday, closing at 1,570.95, as banks added to their recent gains after Deutsche Bank provided more clarity its exposure to the credit crisis.

U.S. stocks fell on Wednesday after a broker's weak outlook for chipmakers sparked a sell-off of technology stocks and as investors worried September payrolls data could show deterioration in the labor market.