REFILE-Europe stock futures point to dip; stress tests eyed

(Corrects in headline to “to” from “do”)

PARIS, July 23 (BestGrowthStock) – European stock index (Read more about the euro currency recovery. ) futures
pointed to a dip on Friday following the previous session’s
rally, while investors eagerly awaited results from the banking
sector’s stress tests.

By 0602 GMT, futures for the STOXX Europe 50 (STXEc1: ), for
Germany’s DAX (FDXc1: ) and for France’s CAC (FCEc1: ) were down
0.1-0.3 percent.

In an effort to calm investors’ jitters over the potential
impact of the euro zone debt crisis on Europe’s banking system,
regulators are assessing how 91 banks across Europe would cope
with another economic downturn, and the results are expected to
be published on Friday.

“The rally we’ve seen in the banking sector yesterday signal
that the stress test results have been well anticipated, thanks
to all the comments already made by officials,” said IG Markets
analyst Philippe De Vandiere.

“But I think that even if the tests are good, investors will
take it as an opportunity to book profits after the strong
run-up to the tests.”


(Reporting by Blaise Robinson)

REFILE-Europe stock futures point to dip; stress tests eyed