European Stocks Seen Opening Slightly Higher


European shares were set to open Monday slightly higher, building on five straight days of gains that underlined a recovery in global equities.

With Japanese markets closed and no significant economic data expected out of the United States, investors were looking to British manufacturing and inflation data and German industrial orders for cues.

Updates from a handful of European companies including Swiss flavor and fragrances group Givaudan complete a thin events diary.

Spread betters in London expected the FTSE 100 Index to open 4 to 6 points higher, the CAC 40 up 2 to 3 points and the DAX flat to up 3 points.

The pan-European FTSEurofirst 300 Index closed Friday up 0.8 percent, gaining 2.2 percent on the week.