Bookies see Europe stocks rising, miners in focus

LONDON, April 8 (Reuters) – European shares are expected to
bounce back on Friday, mirroring gains in Asia, with investors
seen returning to riskier assets after news a strong aftershock
that struck Japan late on Thursday had not done major damage.

A sharp rise in metals prices on expectations of increasing
demand for raw materials due to a global economic recovery is
also expected to improve sentiment and support resource-related
equities.

Financial spreadbetters predicted Britain’s FTSE 100 (.FTSE: Quote, Profile, Research)
to open 31 to 32 points higher, or as much as 0.5 percent,
Germany’s DAX (.GDAXI: Quote, Profile, Research) to open 33 to 37 points higher, or as
much as 0.5 percent, and France’s CAC-40 (.FCHI: Quote, Profile, Research) to open 28 to
29 points higher, or as much as 0.7 percent.

“Yesterday’s close was marked by a sharp sell off on reports
of an aftershock hitting the northeast of Japan, prompting fears
that the nuclear crisis at Fukushima would escalate,” said
Jonathan Sudaria, dealer at Capital Spreads.

“However, as day light broke in Japan, the damage from the
latest quake appeared to be limited. There was no tsunami and
the nuclear power plants at Fukushima reportedly did not receive
any further damage. Asian markets gained on the news and
European equities are expected to follow suit.”
(Reporting by Atul Prakash and Tricia Wright)

Bookies see Europe stocks rising, miners in focus