Europe Factors-Stocks seen mixed; eyes on Italy's bond auction


12/04/2012 09:13 AST  Reuters

European stocks were seen opening mixed on Thursday as the previous session's tentative recovery loses steam, with investors bracing for a key Italian bond auction.

Financial spreadbetters expected Britain's FTSE 100 to open 6 to 9 points lower, or down as much as 0.2 percent, Germany's DAX to open 11 to 16 points higher, or up as much as 0.2 percent, and France's CAC-40 to open 3 to 4 points lower, or down as much as 0.1 percent.

European stocks climbed on Wednesday, halting a week-long slide as recently battered banks rallied, although the rebound was seen as technical and short-lived.

Italy plans to offer up to 5 billion euros, including its March 2015 BTP bond and 3 off-the-run issues, with yields expected to rise.

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