Shares set to trim gains; eyes on GE

PARIS (BestGrowthStock) – European shares were seen falling on Friday, trimming lofty gains made over the past two sessions, as investors awaited quarterly results from global conglomerate General Electric (GE.N: ) and fresh insight on the outlook for company profits.

Financial spreadbetters expected Britain’s FTSE 100 (.FTSE: ) to open 17 to 18 points lower, or as much as 0.3 percent down, Germany’s DAX (.GDAXI: ) to open 21 to 30 points lower, or as much as 0.5 percent, and France’s CAC-40 (.FCHI: ) to open 11 to 15 points lower, or as much as 0.4 percent.

Greek debt worries were also in investors’ minds, after the country asked on Thursday for official talks with European authorities and the International Monetary Fund, a step toward Athens obtaining billions of euros in emergency loans.

European stocks closed near 19-month highs on Thursday, driven higher by banking stocks as positive U.S. corporate results gave support to the sector and drugmakers climbed after Roche (ROG.VX: ) results beat forecasts.

———————-MARKET SNAPSHOT AT 1:16 a.m. EDT———————-

LAST PCT CHG NET CHG

S&P 500 (.SPX: ) 1,211.67 0.08 % 1.02

NIKKEI (.N225: ) 11,092.89 -1.6 % -180.9

MSCI ASIA EX-JP (.MIASJ0000PUS: ) 502.88 -1.18 % -6.00

EUR/USD 1.3539 -0.27 % -0.0037

USD/JPY 92.77 -0.30 % -0.2800

10-YR US TSY YLD 3.824 — -0.01

10-YR BUND YLD 3.133 — 0.01

SPOT GOLD $1,154.35 -0.31 % -$3.60

US CRUDE $84.84 -0.78 % -0.67

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Stock Market Trading

(Reporting by Blaise Robinson; Editing by David Cowell)

Shares set to trim gains; eyes on GE