European Factors-Shares set to extend winning run

Financial bookmakers expect to see leading European indexes rise on Monday, for the fourth session in a row, after the Group of 20 pledged to keep stimulus measures until the economic recovery was assured.

Financial spreadbetters expected Britain's FTSE 100 to open 29 to 33 points higher, or as much as 0.6 percent, Germany's DAX to open 21 to 26 points higher, or as much as 0.5 percent, and France's CAC-40 to open 28 to 32 points higher, or as much as 0.9 percent.

Group of 20 finance ministers and central bankers pledged on Saturday to prepare strategies to end emergency support for their economies, but to keep the aid flowing until the global economy was back on track.

"Equity markets in Europe are set to start the week on an upbeat footing after the G20 meetings concluded that global stimulus efforts would remain in place," IG Markets analyst Ben Potter wrote in a note.

European shares rose on Friday as investors decided U.S. monthly payroll data was not as bad as feared, with banking stocks the major gainers.

The FTSEurofirst 300 index of top European shares is up 54 percent since reaching a record low in early March, but the index is down about 3.7 percent since touching a one-year high in mid-October.

———————-MARKET SNAPSHOT AT 0606 GMT———————-

LAST PERCENT CHG NET CHG

S&P 500 1,069.30 0.25 % 2.67

NIKKEI 9,808.99 0.2 % 19.64

MSCI ASIA EX-JP 463.31 0.93 % 4.29

EUR/USD 1.4939 0.36 % 0.0054

USD/JPY 90.02 0.06 % 0.0500

10-YR US TSY YLD 3.526 — 0.03

10-YR BUND YLD 3.377 — 0.00

SPOT GOLD $1,104.30 0.73 % $8.00

US CRUDE $78.37 1.21 % 0.94

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