European Factors to Watch-Stocks set to inch lower
PARIS, Oct 1 (Reuters) - European stocks are set to open lower on Monday,adding to the previous session's losses on mounting concerns over Spain'seconomic crisis and as data signalled further evidence of slowing growth inChina.
Financial spreadbetters expected Britain's FTSE 100
to open 8 to 12points lower, or down 0.2 percent, Germany's DAXto open 10 to 11points lower, or down 0.1 percent, and France's CAC-40to open 10 to 11points lower, or down 0.3 percent.
Spain's Treasury Minister Cristobal Montoro said on Saturday the 2012 publicdeficit would reach 7.4 percent of gross domestic product, when transfers to aidits struggling banks are included, above the original deficit target of 6.3percent of GDP for this year.
China's official factory purchasing managers' index rose to 49.8 inSeptember from 49.2 in August, but remained in contractionary territory for asecond successive month. August had marked the lowest reading since November2011, as China struggles with falling exports, factory output and fixed assetinvestment.
--------------------------------------------------------------------------------MARKET SNAPSHOT AT 0534 GMTLAST PCT CHG NET CHGS&P 5001,440.67 -0.45 % -6.48NIKKEI8,784.66 -0.96 % -85.5MSCI ASIA EX-JP517.59 -0.27 % -1.41EUR/USD1.2825 -0.23 % -0.0029USD/JPY77.86 -0.05 % -0.040010-YR US TSY YLD1.616 -- -0.0210-YR BUND YLD1.460 -- 0.04SPOT GOLD$1,765.74 -0.28 % -$4.95US CRUDE$91.49 -0.76 % -0.70
> GLOBAL MARKETS-Euro, oil fall on Spain, growth worries
> Wall St marks best third quarter since 2010
> Nikkei falls to near 3-week low on global growth worries
> TREASURIES-US 10-year notes edge higher as equities falter
> FOREX-Euro slips to three-week low as Spain fears persist
> PRECIOUS-Gold drifts lower as Spain worries weigh on euro
> Copper slips on global growth worries; China PMI weighs
> Brent crude slips below $112 as global worries weigh
(Reporting by Blaise Robinson)
((blaise.robinson@thomsonreuters.com; +33.1.4949.5269; Reuters Messaging:blaise.robinson.thomsonreuters.com@reuters.net))
Keywords: MARKETS EUROPE FACTORS