European indexes seen up 2.9-3.6 pct -bookmakers

Mon Nov 10, 2008 5:40am GMT
 
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LONDON, Nov 10 (Reuters) - European shares are set to open sharply higher on Monday, according to financial bookmakers, tracking gains in Asia after China announced a nearly $600 billion stimulus package to boost growth.

Financial bookmakers expected Britain's FTSE 100 .FTSE to open up 117 to 126 points, or as much as 2.9 percent, Germany's DAX .GDAXI to open 131 to 153 points higher, or as much as 3.1 percent, and France's CAC-40 .FCHI to be 107 to 124 points higher in the open, or as much as 3.6 percent.

In Asia, Japan's Nikkei average .N225 rose 5.3 percent and Hong Kong's Hang Seng Index .HSI advanced 3.4 percent.

The pan-European FTSEurofirst 300 .FTEU3 index closed up 1.8 percent on Friday, while U.S. stocks rose on bargain hunting.

(For more on China's stimulus package and the financial turmoil, click on [ID:nSP418304] and [nCRISIS], respectively) (Reporting by Dominic Lau; Editing by Ben Tan)

 

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