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European Factors-Shares seen mixed as commodities dip

Published 06/22/2009, 01:23 AM
Updated 06/22/2009, 01:24 AM
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PARIS, June 22 (Reuters) - European equities were seen mixed on Monday following the previous session's strong gains, with resource-related stocks feeling the pinch of lower commodity prices while investors turn cautious ahead of the U.S. Federal Reserve meeting this week. Financial spreadbetters expect Britain's FTSE 100 to open down 5 points to up 11 points, Germany's DAX to open 3 to 6 points lower and France's CAC-40 to open 6 to 9 points lower.

Investors were bracing for the Fed's guidance on growth and any potential hints on expanding the central bank's $300 billion program of Treasuries purchases.

They will also keep an eye on the Treasury's record $104 billion worth of bond auctions this week to finance massive spending aimed at reviving the world's biggest economy.

European stocks climbed 1.3 percent on Friday on prospects that the global economic recovery was still on track following recent improving economic data, with banks and commodity stocks leading the gainers.

----------------------MARKET SNAPSHOT AT 0513 GMT----------------------

LAST PERCENT CHG NET CHG

S&P 500 921.23 0.31 % 2.86

NIKKEI 9,870.97 0.87 % 84.71

MSCI ASIA EX-JP 382.36 1.37 % 5.16

EUR/USD 1.3906 -0.33 % -0.0046

USD/JPY 96.10 -0.09 % -0.0900

10-YR US TSY YLD 3.785 -- 0.01

10-YR BUND YLD 3.497 -- 0.00

SPOT GOLD $933.15 -0.07 % -$0.65

US CRUDE $69.26 -0.42 % -0.29

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* S&P, Nasdaq gain on Microsoft; stocks slip for week * Asia stocks tick up but caution ahead of Fed

* Nikkei edges up as Sapporo and Nissan gain

* TREASURIES-Steady as investors brace for auctions, Fed

* Yen gains as uncertainty stalks market ahead of Fed

* Oil falls towards $69, bearish US gasoline mkt weighs

* Gold little changed, ETF steady

* Copper stretches losses on China demand woes

(Reporting by Blaise Robinson; editing by Simon Jessop)

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