STOCKS NEWS EUROPE-Shares seen opening higher; data eyed

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Tue Dec 22, 2009 7:12am GMT

European stocks are seen rising, mirroring gains on Wall Street and in Asia, and extending the previous session's strong rally, while investors brace for a flurry of U.S. macroeconomic data.

Futures for the Eurostoxx 50 STXEc1, Germany's DAX FDXc1 and the French CAC 40 FCEc1 are up between 0.2 percent and 0.5 percent.

U.S. macro data due on Tuesday includes a final reading of third-quarter gross domestic product, existing home sales for November and the Richmond Fed survey for December.

The FTSEurofirst 300 .FTEU3 index of top European shares surged 1.5 percent on Monday, bouncing back from a sharp two-session drop, with energy shares rising along with oil prices as cold weather gripped both sides of the Atlantic, and banks recovering from recent losses.

No major European or U.S. companies due to report on Tuesday.

MAJOR MACROECONOMIC INDICATORS/EVENTS (GMT):

0700 DE GfK index Jan

0715 CH Trade Nov

0745 FR PPI Nov

0930 GB GDP F Q3

1000 EZ Ind N Ords Oct

1245 US ICSC chain w/e

1330 US Core PCE Q3

1330 US GDP Final Q3

1355 US Redbook w/e

1500 US Home sales Nov

1500 US Rich Fed comp Dec

1500 US Rich Fed manu Dec

1500 US Rich Fed srvs Dec

2200 US ABC CCI w/e

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